Template-Type: ReDIF-Paper 1.0
Author-Name: I Paya
Author-Name-First: I
Author-Name-Last: Paya
Author-Name: A Duarte
Author-Name-First: A
Author-Name-Last: Duarte
Author-Name: K Holden
Author-Name-First: K
Author-Name-Last: Holden
Title: On the relationship between inflation persistence and temporal aggregation
Abstract: This paper examines the impact of temporal aggregation on alternative definitions of inflation persistence. Using the CPI and the core PCE deflator of the US, our results show that temporal aggregation from the monthly to the quarterly to the annual frequency induces persistence in the inflation series.
Creation-Date: 2006
File-URL: http://www.lancaster.ac.uk/media/lancaster-university/content-assets/documents/lums/economics/working-papers/InflationPersistence.pdf
File-Format: application/pdf
Number: 578936
Classification-JEL: 
Keywords: Aggregation, Inflation, Persistence
Handle: RePEc:lan:wpaper:578936