Is inflation persistence different in reality?

Antonakakis, Nikolaos; Cunado, Juncal; Gil-Alana, Luis A.; Gupta, Rangan

dc.contributor.author	Antonakakis, Nikolaos
dc.contributor.author	Cunado, Juncal
dc.contributor.author	Gil-Alana, Luis A.
dc.contributor.author	Gupta, Rangan
dc.date.accessioned	2016-10-24T05:12:40Z
dc.date.issued	2016-11
dc.description.abstract	This study examines the inflation persistence using both online and official price indexes in Argentina, Brazil, China, Japan, Germany, South Africa, the UK and the US, using fractional integration technique. The main results suggest that the degree of persistence, estimated by the long-memory parameter, is smaller when using online price indexes (believed to be a more realistic measure of inflation), mainly in the cases of Argentina, Brazil, China and the UK. Monetary policy implications are discussed.	en_ZA
dc.description.department	Economics	en_ZA
dc.description.embargo	2017-11-30
dc.description.librarian	hb2016	en_ZA
dc.description.sponsorship	Juncal Cuñado gratefully acknowledges financial support from the Ministerio de Economía y Competitividad (ECO2014-55496). Luis A. Gil-Alana gratefully acknowledges financial support from the Ministerio de Economía y Competitividad (ECO2014-55496).	en_ZA
dc.description.uri	http://www.elsevier.com/locate/ecolet	en_ZA
dc.identifier.citation	Antonakakis, N, Cunado, J, Gil-Alana, LA & Gupta, R 2016, 'Is inflation persistence different in reality?', Economics Letters, vol. 148, pp. 55-58.	en_ZA
dc.identifier.issn	0165-1765 (print)
dc.identifier.issn	1873-7374 (online)
dc.identifier.other	10.1016/j.econlet.2016.09.003
dc.identifier.uri	http://hdl.handle.net/2263/57410
dc.language.iso	en	en_ZA
dc.publisher	Elsevier	en_ZA
dc.rights	© 2016 Elsevier B.V. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Economics Letters. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. A definitive version was subsequently published in Economics Letters, vol. 148, pp. 55-58, 2016. doi : 10.1016/j.econlet.2016.09.003.	en_ZA
dc.subject	Fractional integration	en_ZA
dc.subject	Persistence	en_ZA
dc.subject	Official inflation indexes	en_ZA
dc.subject	Online inflation indexes	en_ZA
dc.title	Is inflation persistence different in reality?	en_ZA
dc.type	Postprint Article	en_ZA