Unraveling the Dynamics of Inflation Persistence: A Long-Memory Analysis of Headline Inflation Convergence and Divergence in European Economies

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63567898" target="_blank" >RIV/70883521:28120/23:63567898 - isvavai.cz</a>

Result on the web

<a href="https://ce.vizja.pl/en/download-pdf/volume/17/issue/4/id/728" target="_blank" >https://ce.vizja.pl/en/download-pdf/volume/17/issue/4/id/728</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5709/ce.1897-9254.519" target="_blank" >10.5709/ce.1897-9254.519</a>

Result language

angličtina

Original language name

Unraveling the Dynamics of Inflation Persistence: A Long-Memory Analysis of Headline Inflation Convergence and Divergence in European Economies

Original language description

This comprehensive study delves into the Harmonised Consumer Price Index (HCPI) behavior across European economies from the early 2000s to the post-pandemic period. By analyzing the patterns of convergence and divergence in HCPI persistence, the study aims to uncover the common external and country-specific factors driving these dynamics. Utilizing the local Whittle estimation method, the research examines the long memory properties of headline inflation through monthly data from January 1996 to January 2023. The study expands upon existing knowledge of inflation persistence by exploring its changes and the various patterns of inflation persistence in Europe. The findings reveal significant differences in the persistence of inflation and the underlying factors behind it. As such, the study emphasizes the need for tailored policy approaches and a deeper understanding of inflation&apos;s true nature, expectation formation, price-setting behavior, and monetary policy in shaping inflation persistence. Given its important policy implications, this research is highly relevant to the European Central Bank (ECB) and national governments within the Eurozone.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Contemporary Economics

ISSN

2084-0845

e-ISSN

2300-8814

Volume of the periodical

17

Issue of the periodical within the volume

4

Country of publishing house

PL - POLAND

Number of pages

18

Pages from-to

406-423

UT code for WoS article

001130462800006

EID of the result in the Scopus database

2-s2.0-85180455039