This paper examines persistence in Turkish inflation rates using data from consumer and wholesale price indices. The … inflationary process in Turkey is believed to be highly inertial, which should lead to strongly persistent inflation series …. Persistence of seventy-five inflation series at various aggregation levels are examined by estimating models that allow long …

This paper investigates whether using natural logarithms (logs) of price indices for forecasting inflation rates is … preferable to employing the original series. Univariate forecasts for annual inflation rates for a number of European countries …. This outcome sheds doubt on the common practice in the academic literature to forecast inflation rates based on differences …

-processed products are especially procyclical in levels and inflation rates. Thus, comparisons between historical and post-war series can …

. Adding inflation as a second variable, we uncover two states in which expected consumption growth is low, one with high and … one with negative expected inflation. Embedded in a general equilibrium asset pricing model with learning, these dynamics …

A key application of long memory time series models concerns inflation. Long memory implies that shocks have a long … such level shifts are not unlikely for inflation, where the shifts may be caused by sudden oil price shocks, we examine … whether evidence for long memory (indicated by the relevance of an ARFIMA model) in G7 inflation rates is spurious or …