Revisiting inflation in the euro area allowing for long memory

We analyse inflation and inflation differentials in the euro area allowing for long memory and a new type of limiting theory denoted fixed-bandwidth. Our results differ from those based on standard normal asymptotics and the short memory assumption, and we also find that the inflation differentials...

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Veröffentlicht in:	Economics letters 2017-07, Vol.156, p.145-150
Hauptverfasser:	Hualde, Javier, Iacone, Fabrizio
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymptotic methods Euro Euro area Eurozone Fractional integration and cointegration Inflation Inflation differentials Inflation persistence Memory Studies
Online-Zugang:	Volltext
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