Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries

Autores
Zarzosa Valdivia, Fernando
Año de publicación
2020
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina.
This research analyses the inertia and persistence of headline and sectoral inflation for Argentina (two periods), Brazil and Chile using seasonal fractional integrated autoregressive moving average (S-ARFIMAmodel). Measuring inertia by the sum of the autoregressive coefficients, there is evidence of: headline, clothing, health, housing and miscellaneous inertial inflation larger in Argentina (second period) than in Chile and Brazil, inertial inflation of food and beverages is larger for Chile than for Argentina (second period) and Brazil, and inertial inflation of education larger in Brazil than in Chile, which in turn is larger than in Argentina (second period). Measuring persistence by the size of the fractionally integrated coefficient, our results suggest long-memory or long-dependence of Brazilian headline, clothing and health inflation, and Chilean alcoholic beverages. We show also that the quarter-life of headline inflation occurs in 20, 3 and 15 months in Argentina (second period), Brazil and Chile, while its half-life takes 29, 15 and 13 months, respectively.
https://erevistas.uca.edu.ar/index.php/ENSAYOS/article/view/3213
info:eu-repo/semantics/publishedVersion
Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina.
Economía, Econometría
Materia
Inflation inertia
Sectoral inflation
Persistence
ARMA
ARFIMA
Nivel de accesibilidad
acceso abierto
Condiciones de uso
Repositorio
Repositorio Digital Universitario (UNC)
Institución
Universidad Nacional de Córdoba
OAI Identificador
oai:rdu.unc.edu.ar:11086/550459
Acceder
id RDUUNC_904f01df71717bb16688ca6f9a4b0c9a
oai_identifier_str oai:rdu.unc.edu.ar:11086/550459
network_acronym_str RDUUNC
repository_id_str 2572
network_name_str Repositorio Digital Universitario (UNC)
spelling Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countriesZarzosa Valdivia, FernandoInflation inertiaSectoral inflationPersistenceARMAARFIMAFil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina.This research analyses the inertia and persistence of headline and sectoral inflation for Argentina (two periods), Brazil and Chile using seasonal fractional integrated autoregressive moving average (S-ARFIMAmodel). Measuring inertia by the sum of the autoregressive coefficients, there is evidence of: headline, clothing, health, housing and miscellaneous inertial inflation larger in Argentina (second period) than in Chile and Brazil, inertial inflation of food and beverages is larger for Chile than for Argentina (second period) and Brazil, and inertial inflation of education larger in Brazil than in Chile, which in turn is larger than in Argentina (second period). Measuring persistence by the size of the fractionally integrated coefficient, our results suggest long-memory or long-dependence of Brazilian headline, clothing and health inflation, and Chilean alcoholic beverages. We show also that the quarter-life of headline inflation occurs in 20, 3 and 15 months in Argentina (second period), Brazil and Chile, while its half-life takes 29, 15 and 13 months, respectively.https://erevistas.uca.edu.ar/index.php/ENSAYOS/article/view/3213info:eu-repo/semantics/publishedVersionFil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina.Economía, Econometría2020info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdf1853-6999https://erevistas.uca.edu.ar/index.php/ENSAYOS/article/view/3213http://hdl.handle.net/11086/5504592313-979Xenginfo:eu-repo/semantics/openAccessreponame:Repositorio Digital Universitario (UNC)instname:Universidad Nacional de Córdobainstacron:UNC2025-09-29T13:41:08Zoai:rdu.unc.edu.ar:11086/550459Institucionalhttps://rdu.unc.edu.ar/Universidad públicaNo correspondehttp://rdu.unc.edu.ar/oai/snrdoca.unc@gmail.comArgentinaNo correspondeNo correspondeNo correspondeopendoar:25722025-09-29 13:41:08.414Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdobafalse
dc.title.none.fl_str_mv Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
title Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
spellingShingle Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
Zarzosa Valdivia, Fernando
Inflation inertia
Sectoral inflation
Persistence
ARMA
ARFIMA
title_short Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
title_full Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
title_fullStr Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
title_full_unstemmed Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
title_sort Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries
dc.creator.none.fl_str_mv Zarzosa Valdivia, Fernando
author Zarzosa Valdivia, Fernando
author_facet Zarzosa Valdivia, Fernando
author_role author
dc.subject.none.fl_str_mv Inflation inertia
Sectoral inflation
Persistence
ARMA
ARFIMA
topic Inflation inertia
Sectoral inflation
Persistence
ARMA
ARFIMA
dc.description.none.fl_txt_mv Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina.
This research analyses the inertia and persistence of headline and sectoral inflation for Argentina (two periods), Brazil and Chile using seasonal fractional integrated autoregressive moving average (S-ARFIMAmodel). Measuring inertia by the sum of the autoregressive coefficients, there is evidence of: headline, clothing, health, housing and miscellaneous inertial inflation larger in Argentina (second period) than in Chile and Brazil, inertial inflation of food and beverages is larger for Chile than for Argentina (second period) and Brazil, and inertial inflation of education larger in Brazil than in Chile, which in turn is larger than in Argentina (second period). Measuring persistence by the size of the fractionally integrated coefficient, our results suggest long-memory or long-dependence of Brazilian headline, clothing and health inflation, and Chilean alcoholic beverages. We show also that the quarter-life of headline inflation occurs in 20, 3 and 15 months in Argentina (second period), Brazil and Chile, while its half-life takes 29, 15 and 13 months, respectively.
https://erevistas.uca.edu.ar/index.php/ENSAYOS/article/view/3213
info:eu-repo/semantics/publishedVersion
Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
Fil: Zarzosa Valdivia, Fernando. Universidad Católica de Córdoba; Argentina.
Economía, Econometría
description Fil: Zarzosa Valdivia, Fernando. Universidad Nacional de Córdoba. Facultad de Ciencias Económicas; Argentina.
publishDate 2020
dc.date.none.fl_str_mv 2020
dc.type.none.fl_str_mv info:eu-repo/semantics/publishedVersion
info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
status_str publishedVersion
format article
dc.identifier.none.fl_str_mv 1853-6999
https://erevistas.uca.edu.ar/index.php/ENSAYOS/article/view/3213
http://hdl.handle.net/11086/550459
2313-979X
identifier_str_mv 1853-6999
2313-979X
url https://erevistas.uca.edu.ar/index.php/ENSAYOS/article/view/3213
http://hdl.handle.net/11086/550459
dc.language.none.fl_str_mv eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Digital Universitario (UNC)
instname:Universidad Nacional de Córdoba
instacron:UNC
reponame_str Repositorio Digital Universitario (UNC)
collection Repositorio Digital Universitario (UNC)
instname_str Universidad Nacional de Córdoba
instacron_str UNC
institution UNC
repository.name.fl_str_mv Repositorio Digital Universitario (UNC) - Universidad Nacional de Córdoba
repository.mail.fl_str_mv oca.unc@gmail.com
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score 13.070432

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