Hondroyiannis, George; Lazaretou, Sophia - Bank of Greece - 2004
The paper estimates inflation persistence in Greece from 1975 to 2003, a period of high variation in inflation and … coefficient (RC) modelling, and vector autoregressive (VAR) modelling, are employed to estimate inflation persistence. The … empirical results from all the procedures suggest that inflation persistence was high during the inflationary period and the …