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Empirical Economics

, Volume 56, Issue 5, pp 1477–1487 | Cite as

A note on the evidence of inflation persistence around the world

  • Jorge Belaire-FranchEmail author
Article
  • 115 Downloads

Abstract

In this paper, we re-examine the change in persistence hypothesis for inflation, using data from Noriega et al. (Empir Econ 44:1243–1265, 2013) and the new testing procedures by Kejriwal et al. (Econom Theory 29:289–323, 2013). Our results display more evidence of change in persistence than Noriega et al.’s paper, with some remarkable conflicting conclusions with respect to their work, although results depend on the measure of inflation: seasonally adjusted, trend-cycle component or interannual.

Keywords

Multiple persistence change tests Inflation Change in persistence 

Notes

Acknowledgements

I acknowledge the useful comments of an anonymous referee.

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2017

Authors and Affiliations

  1. 1.Departamento de Análisis EconómicoUniversidad de ValenciaValenciaSpain

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