1- , abolfazlnajarzadeh@gmail.com
Abstract: (7147 Views)
Inflation is one of the most important problems in Iran throughout
last decades, and the historical studies of inflation trend in Iran indicate
persistence of this variable. Inflation persistence refers to the tendency
of inflation to converge slowly towards its long-run measure (equilibrium
inflation) in response to various economic shocks. The historical measuring
of inflation persistence has estimated by the univariate autoregressive timeseries
models and include the sum of autoregressive coefficients to estimate
persistence. In this paper we implement this approach and then another
non-parametric approach to measure inflation persistence for the period
1338- 1390 and some sub-period, covering a structural break in 1357. The
results show a remarkable persistence of inflation in years after Revolution,
especially for the period ending in 1374 furthermore, the results indicate that
in periods before structural break in 1357 (The advent of Revolution), there is
no obvious inflation persistence
Type of Study:
Research |
Subject:
General Received: Jun 09 2015 | Accepted: Jun 09 2015 | ePublished: Jun 09 2015