Measuring persistence in inflation: evidence for Angola


Autoria(s): Belbute, José
Contribuinte(s)

Wiley-Blackwell

Data(s)

29/02/2016

29/02/2016

01/12/2015

01/12/2015

Resumo

The purpose of this paper is to examine the degree of persistence in five inflation indicators for Angola, and to identify the implications for decision making. Our results suggest that when structural breaks are accounted for, all five inflation indicators are stationary. Second, our findings suggest that persistence is not too high. Moreover, the degree of persistence is similar among the five inflation indicators and throughout the sample period. Finally, our results also show that extracting the most volatile components of the headline inflation indicator does not generate a new inflation indicator that is less volatile and more persistent than the original. These results have important policy implications as the National Bank of Angola is preparing to change its monetary policy focus to a more inflation-targeting regime

Identificador

Belbute, J. j. Delgado and L. Massala (2015); “Measuring persistence in inflation: evidence for Angola,” South African Journal of Economics, forthcoming;

http://hdl.handle.net/10174/17631

Departamento e Economia

José

747

10.1111/saje.12118

Idioma(s)

por

Direitos

restrictedAccess

Palavras-Chave #Inflation #persistence #Angola
Tipo

article