Inflation inertia and inliers: the case of Brazil

Revista Brasileira de Economia

Ana Katarina Campêlo²  Francisco Cribari-neto¹ 

[1] ,University of Pernambuco Department of Economics

关键词: inflation inertia;    inliers;    persistence;    unit roots;   

DOI  :  10.1590/S0034-71402003000400003

来源: SciELO

【 摘 要 】

This paper addresses the issue of measuring the degree of inertia in inflation in the presence of potential 'inliers'. It shows that by using robust unit root tests one reaches the same inference on the order of integration of the series as what is revealed by the modified procedure proposed by Cati et al. (1999). The results also suggest that, contrary to previous findings, the degree of inertia in inflation is rather small. Finally, the paper presents simulation results on the finite-sample behavior of unit root tests and of a persistence measure when the data contain inliers.

【 授权许可】

CC BY   
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