South Africa’s inflation persistence : a quantile regression framework

Show simple item record Gupta, Rangan Jooste, Charl Ranjbar, Omid 2016-09-06T11:59:09Z 2017-11
dc.description.abstract We study inflation persistence in South Africa using a quantile regression approach. We control for structural breaks using a quantile structural break test on a long span of inflation data. Our study includes persistence estimates for headline and core inflation - thus controlling for possible biases emanating from extremely volatile periods. South Africa's inflation persistence is lowest during the inflation targeting period regardless of the inflation measure. Inflation persistence is also constant over all quantiles during the inflation targeting regime for core inflation. There is a difference between the estimates from headline and core - headline persistence increases in relation to higher quantiles. Thus energy and food price shocks might de-stabilise inflation altogether. en_ZA
dc.description.department Economics en_ZA
dc.description.embargo 2017-08-31
dc.description.librarian hb2016 en_ZA
dc.description.uri en_ZA
dc.identifier.citation Gupta, R., Jooste, C. & Ranjbar, O. South Africa’s inflation persistence: a quantile regression framework. Economic Change and Restructuring (2017) 50: 367-386. en_ZA
dc.identifier.issn 1573-9414 (print)
dc.identifier.issn 1574-0277 (online)
dc.identifier.other 10.1007/s10644-016-9192-z
dc.language.iso en en_ZA
dc.publisher Springer en_ZA
dc.rights © Springer Science+Business Media, New York 2016. The original publication is available at http://link.springer.comjournal/10644. en_ZA
dc.subject Inflation persistence en_ZA
dc.subject Quantile regression en_ZA
dc.subject Structural breaks en_ZA
dc.title South Africa’s inflation persistence : a quantile regression framework en_ZA
dc.type Postprint Article en_ZA

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