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On the Persistence of UK Inflation : A Long-Range Dependence Approach
Caporale, Guglielmo Maria - 2018
This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks …
Persistent link: https://www.econbiz.de/10012917992
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On the Persistence of UK Inflation : A Long-Range Dependence Approach
Caporale, Guglielmo Maria - 2018
This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that … evolution over time. On the whole, the evidence suggests that the degree of persistence of UK inflation has been relatively …-Bretton Woods changes in UK inflation are attributable to a fall in the volatility of permanent shocks …
Persistent link: https://www.econbiz.de/10012921881
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Inflation in the G7 Countries : Persistence and Structural Breaks
Caporale, Guglielmo Maria - 2020
This paper examines long-range dependence in the inflation rates of the G7 countries by estimating their (fractional …
Persistent link: https://www.econbiz.de/10012831651
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Inflation Persistence in Europe : The Effects of the COVID-19 Pandemic and of the Russia-Ukraine War
Caporale, Guglielmo Maria; Infante, Juan; Gil-Alana, Luis A. - 2022
inflation persistence in both the euro zone and the European Union as a whole (EU27). For this purpose a fractional integration … evidence of a significant increase in inflation persistence (especially in the case of the EU27, for which in addition to jumps …
Persistent link: https://www.econbiz.de/10014242004
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Inflation in the G7 Countries: Persistence and Structural Breaks
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Poza, Carlos - 2020
This paper examines long-range dependence in the inflation rates of the G7 countries by estimating their (fractional …
Persistent link: https://www.econbiz.de/10012227689
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Inflation convergence in Central and Eastern Europe with a view to adopting the euro
Cuestas, Juan Carlos; Gil-Alana, Luis A.; Taylor, Karl - Asociación Española de Economía y Finanzas … - 2012
In this paper we consider inflation rate differentials between seven Central and Eastern Countries (CEECs) and the … currency. Hence, considering divergence in inflation rates between each country and the Eurozone is important in that evidence … convergence in the inflation rate differentials, incorporating non-linearities in the autoregressive parameters, fractional …
Persistent link: https://www.econbiz.de/10009650317
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Inflation Convergence in Central and Eastern Europe with a View to Adopting the Euro
Cuestas, Juan Carlos; Gil-Alana, Luis A.; Taylor, Karl - Department of Economics, University of Sheffield - 2012
In this paper we consider inflation rate differentials between seven Central and Eastern Countries (CEECs) and the … currency. Hence, considering divergence in inflation rates between each country and the Eurozone is important in that evidence … convergence in the inflation rate differentials, incorporating non-linearities in the autoregressive parameters, fractional …
Persistent link: https://www.econbiz.de/10010614790
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On the changes in the sustainability of European external debt: what have we learned
Cuestas, Juan Carlos; Gil-Alana, Luis A.; Regis, Paolo Jose - Eesti Pank - 2014
In this paper we aim to analyse the level of sustainability of external debt and, more importantly, how it has changed for a number of European economies. Given the severity of the crisis since 2008, we argue that the path of external debt burdens may have changed since the start of the crisis,...
Persistent link: https://www.econbiz.de/10010936666
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Fractional Integration and Structural Breaks in U.S. Macro Dynamics
Gil-Alana, Luis A.; Moreno, Antonio - School of Economics and Business Administration, … - 2009
This paper identifies structural breaks in the post-World War II joint dynamics of U.S. inflation, unemployment and the …
Persistent link: https://www.econbiz.de/10005583147
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Persistence and Long Memory in Monetary Policy Spreads
Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2021
The overnight money market rate is a key monetary policy tool. In recent years, central banks worldwide have developed new monetary policy strategies aimed at keeping its deviations from the policy rate small and short-lived. This paper describes the main instruments used for this purpose by the...
Persistent link: https://www.econbiz.de/10013315016