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Persistencia estadística de la inflación y cambio de régimen:El caso de la República Dominicana 1984-2011
[Statistical Persistence of Inflation and Regime Change: The Case of the Dominican Republic from 1984-2011]

Author

Listed:
  • Ramírez, Nerys F.

Abstract

The research explores the evolution of the statistical persistence of inflation in the Dominican Republic, from a monetary approach, for the period 1984-2011. Persistence is defined as the rate at which inflation returns to its long-run average value after a unitary shock; Its analysis is performed on a series of monthly inflation calculated from the time difference of the log of the CPI (π

Suggested Citation

  • Ramírez, Nerys F., 2012. "Persistencia estadística de la inflación y cambio de régimen:El caso de la República Dominicana 1984-2011 [Statistical Persistence of Inflation and Regime Change: The Case of the Dominican Republic," MPRA Paper 76994, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:76994
    as

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    References listed on IDEAS

    as
    1. Andrews, Donald W K & Chen, Hong-Yuan, 1994. "Approximately Median-Unbiased Estimation of Autoregressive Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 12(2), pages 187-204, April.
    2. Pierre Perron & Serena Ng, 1996. "Useful Modifications to some Unit Root Tests with Dependent Errors and their Local Asymptotic Properties," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 63(3), pages 435-463.
    3. Hamilton, James D., 1990. "Analysis of time series subject to changes in regime," Journal of Econometrics, Elsevier, vol. 45(1-2), pages 39-70.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Inflation; economic regime; structural breaks; regresive models;
    All these keywords.

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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