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Inflation in Mozambique: empirical facts based on persistence, seasonality and breaks

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  • Luis Alberiko Gil-Alana
  • Carlos Barros
  • Joao Ricardo Faria

Abstract

This article investigates inflation in Mozambique using long-range dependence (LRD) techniques in monthly data from December 1995 to October 2012. Two important features of the data are analysed: persistence and seasonality, looking at aggregated and disaggregated data. The stability of the parameters across the sample is also investigated. The results indicate a high degree of persistence in the data along with a strong seasonal pattern. Policy implications are discussed.

Suggested Citation

  • Luis Alberiko Gil-Alana & Carlos Barros & Joao Ricardo Faria, 2014. "Inflation in Mozambique: empirical facts based on persistence, seasonality and breaks," Applied Economics, Taylor & Francis Journals, vol. 46(21), pages 2545-2555, July.
    • Handle: RePEc:taf:applec:v:46:y:2014:i:21:p:2545-2555
    DOI: 10.1080/00036846.2014.907482
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    References listed on IDEAS

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    1. Mr. Kenji Moriyama & Abdul Naseer, 2009. "Forecasting Inflation in Sudan," IMF Working Papers 2009/132, International Monetary Fund.
    2. Chhibber, Ajay & Shafik, Nemat, 1990. "Exchange reform, parallel markets, and inflation in Africa : the case of Ghana," Policy Research Working Paper Series 427, The World Bank.
    3. Pivetta, Frederic & Reis, Ricardo, 2007. "The persistence of inflation in the United States," Journal of Economic Dynamics and Control, Elsevier, vol. 31(4), pages 1326-1358, April.
    4. Chhibber, Ajay & Cottani, Joaquin & Firuzabadi, Reza & Walton, Michael, 1989. "Inflation, price controls, and fiscal adjustment in Zimbabwe," Policy Research Working Paper Series 192, The World Bank.
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    Cited by:

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    2. 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.

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