Exogenous shocks and time-varying price persistence in the EU27

This paper analyses monthly price persistence in the EU27 countries over the period 2010–2022 using a fractional integration framework, where the measure of persistence is the fractional differencing parameter d. In addition to full sample estimates, subsample and recursive ones are obtained to exam...

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Bibliographic Details
Main Authors: Guglielmo Maria Caporale, Luis A. Gil-Alana, Amir Imeri
Format: Article
Language:English
Published: Taylor & Francis Group 2024-12-01
Series:Journal of Applied Economics
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/15140326.2024.2329857
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