, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … exclusively from the long-run or zero frequency. In the UK, inflation seems to be stationary with a component of long memory at …

, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … exclusively from the long-run or zero frequency. In the UK, inflation seems to be stationary with a component of long memory at …

method is based on the comparison of standard log-periodogram regression estimation of the memory parameter with its tapered … parameter under the null, and is therefore estimated by bootstrapping. The test is applied to inflation rates of three …

This appendix to “Nonparametric Modeling for the Time-Varying Persistence of Inflation” presents supplementary results … using an alternative measure of inflation based on the GDP deflator. First, we provide the local linear estimation results … of time-varying inflation persistence using GDP-based inflation. Then, we present the estimated local inflation level …