Detalle Publicación


Inflation in Mozambique: empirical facts based on persistence, seasonality and breaks

Autores: Gil Alaña, Luis Alberiko; Barros, C. P.; Faria, J. R.
Título de la revista: APPLIED ECONOMICS
ISSN: 0003-6846
Volumen: 46
Número: 21
Páginas: 2545 - 2555
Fecha de publicación: 2014
This article investigates inflation in Mozambique using long-range dependence (LRD) techniques in monthly data from December 1995 to October 2012. Two important features of the data are analysed: persistence and seasonality, looking at aggregated and disaggregated data. The stability of the parameters across the sample is also investigated. The results indicate a high degree of persistence in the data along with a strong seasonal pattern. Policy implications are discussed.