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Iranian inflation: peristence and structural breaks

Author

Listed:
  • Luis A. Gil-Alana

    (University of Navarra)

  • Yadollah Dadgar

    (Beheshty University)

  • Rouhollah Nazari

    (Ferdowsi University)

Abstract

This paper investigates the behavior of the inflation rate in Iran for the time period 1992–2017 using fractional integration. The results indicate an extremely large degree of persistence in the series, with an order of integration of about 2. The consequences of such a degree of dependence are examined in the paper along with some suggestions to reduce it in the future.

Suggested Citation

  • Luis A. Gil-Alana & Yadollah Dadgar & Rouhollah Nazari, 2019. "Iranian inflation: peristence and structural breaks," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(2), pages 398-408, April.
    • Handle: RePEc:spr:jecfin:v:43:y:2019:i:2:d:10.1007_s12197-018-9446-x
    DOI: 10.1007/s12197-018-9446-x
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    References listed on IDEAS

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    More about this item

    Keywords

    Inflation rate; Iranian economy; Persistence; Structural breaks;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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