Inflation persistence in BRICS countries: A quantile autoregressive (QAR) approach

• Authors: Phiri Andrew
• Languages of publication: EN

Abstracts

EN

Using the quantile autoregression methodology (QAR), this study contributes to the ever-expanding empirical literature by investigating the persistence in inflation for BRICS countries using quarterly time series data collected between 1996 to 2016. Our empirical analysis reveals two crucial findings. Firstly, for all estimated regressions, inflation persistence in the higher percentiles of the QAR regression exhibits unit root tendencies. Secondly, we note that the global financial crisis did alter the levels of inflation persistence at all quantiles for all BRICS countries. Collectively, we advise monetary authorities in BRICS countries to focus on keeping inflation at low and stable rates.

Keywords

EN

BRICS; Emerging Economies; Inflation persistence; Quantile regression

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Prague Development Center, Czech Republic
• Journal: Business and Economic Horizons
• Year: 2018
• Volume: Volume 14
• Issue: Issue 1
• Pages: 97-104

Dates

published

2018-01-24

Contributors

author

Phiri Andrew

• Department of Economics, Faculty of Business and Economic Studies, Nelson Mandela University, South Africa

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