Inflation inertia and inliers: the case of Brazil

Detalhes bibliográficos
Autor(a) principal: Campêlo,Ana Katarina
Data de Publicação: 2003
Outros Autores: Cribari-Neto,Francisco
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402003000400003
Resumo: 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.
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spelling Inflation inertia and inliers: the case of Brazilinflation inertiainlierspersistenceunit rootsThis 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.Fundação Getúlio Vargas2003-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402003000400003Revista Brasileira de Economia v.57 n.4 2003reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/S0034-71402003000400003info:eu-repo/semantics/openAccessCampêlo,Ana KatarinaCribari-Neto,Franciscoeng2004-06-14T00:00:00Zoai:scielo:S0034-71402003000400003Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/rbe/issue/archivehttps://old.scielo.br/oai/scielo-oai.php||rbe@fgv.br1806-91340034-7140opendoar:2004-06-14T00:00Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Inflation inertia and inliers: the case of Brazil
title Inflation inertia and inliers: the case of Brazil
spellingShingle Inflation inertia and inliers: the case of Brazil
Campêlo,Ana Katarina
inflation inertia
inliers
persistence
unit roots
title_short Inflation inertia and inliers: the case of Brazil
title_full Inflation inertia and inliers: the case of Brazil
title_fullStr Inflation inertia and inliers: the case of Brazil
title_full_unstemmed Inflation inertia and inliers: the case of Brazil
title_sort Inflation inertia and inliers: the case of Brazil
author Campêlo,Ana Katarina
author_facet Campêlo,Ana Katarina
Cribari-Neto,Francisco
author_role author
author2 Cribari-Neto,Francisco
author2_role author
dc.contributor.author.fl_str_mv Campêlo,Ana Katarina
Cribari-Neto,Francisco
dc.subject.por.fl_str_mv inflation inertia
inliers
persistence
unit roots
topic inflation inertia
inliers
persistence
unit roots
description 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.
publishDate 2003
dc.date.none.fl_str_mv 2003-12-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402003000400003
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402003000400003
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/S0034-71402003000400003
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Fundação Getúlio Vargas
publisher.none.fl_str_mv Fundação Getúlio Vargas
dc.source.none.fl_str_mv Revista Brasileira de Economia v.57 n.4 2003
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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