Inflation in Mozambique: empirical facts based on persistence, seasonality and breaks
Abstract: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.
Document Type: Research Article
Affiliations: 1: Department of Economics and ICS-NCID, Edificio Biblioteca, Universidad de Navarra, Entrada Este, Pamplona, E-31080, Spain 2: Department of Economics, ISEG – Universidade Técnica de Lisboa, Lisboa, Portugal 3: IPED, University College, University of Texas at El Paso, El Paso, TX, 79968-0703, USA
Publication date: 2014-07-23