Bos, C.S.; Franses, P.H.; Ooms, M. - Econometrisch Instituut, Faculteit der Economische … - 1998
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 …