Noriega, Antonio; Capistrán, Carlos; Ramos-Francia, Manuel - In: Empirical Economics 44 (2013) 3, pp. 1243-1265
We study the dynamics of inflation persistence in 45 countries for the period 1960–2008 using a recently developed test for multiple changes in persistence, which decomposes the sample information between adjacent I (0) and I (1) periods. We find that: (i) inflation persistence and average...