Services inflation dynamics and persistence puzzle in Brazil: a time-varying parameter approach

Boaretto, Gilberto Oliveira; Silva, Cleomar Gomes da

doi:10.1080/00036846.2018.1527456

Cited by 5 publications

(2 citation statements)

References 21 publications

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“…Nevertheless, the measures taken to manage COVID-19 raised inflation significantly when the prices of consumer goods and services started to climb rapidly. Boaretto andDa Silva (2019, p. 1450) argued that in the scientific literature, there are no strict determinations about the relative price growth rates in service industries compared to product markets. There is much evidence that the price of services tends to exhibit a high degree of inertia or persistence.…”

Section: Introductionmentioning

confidence: 99%

Economic Drivers of Consumer Price Growth in the EU–27 Service Industry during the Post‑pandemic Period

Mileris

2023

CER

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The post‑pandemic period in the European Union is distinguished by the growth of business economic activity after two years of restrictions, growing debts and money supply, and extremely high inflation. This research analyses the Harmonised Index of Consumer Prices (HICP) in the service industries of the EU–27, comparing it to overall inflation and price growth in consumer goods markets. It also highlights the economic factors that contribute to the differences between service price growth in the EU–27. The results make it possible to classify the EU–27 countries according to the differences in service price changes. Consistent patterns of service HICP are highlighted, and the economic factors considering their relative importance to service HICP are ranked. Since 2022, public and governmental discussions concerning the post‑pandemic inflationary shock have become prevalent, so this research allows us to understand the economic factors that caused such huge inflation and substantiates the need for monetary policy measures to slow down inflation.

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Section: Introductionmentioning

confidence: 99%

Economic Drivers of Consumer Price Growth in the EU–27 Service Industry during the Post‑pandemic Period

Mileris

2023

CER

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“…Previous research has examined a lot of issues related to the persistence of inflation in a region or country. Where the results of the study some relate it to economic variables that are variables in measuring the level of persistence of inflation, such as exchange rate shocks (Bems, 2021;Dua, 2021), the way monetary policy is conducted (Bilici, 2020;Granville, 2019;Hakim et al, 2017;City & Lazaretou, 2011;Van Doorslaer &;Vermeiren, 2021), differences in regional layout (Gajewski, 2018), due to exchange rate regimes ( Caporale &;Gil-Alana, 2020;Wu, 2018), goods and services inflation (Boaretto, 2019), oil price shocks (Oloko, 2021 ;Salunkhe &;Patnaik, 2019), agricultural output in GDP (Duran, 2021), increased taxation progressivity (Geronikolaou et al, 2020), agricultural commodity prices (Tule et al, 2020), and unemployment rate (Albulescu &;Tiwari , 2018;Alogoskoufis, 2018;Ashley, 2020). Meanwhile, in this study, researchers will later use the Consumer Price Index (CPI) as a variable to see the level of persistence of inflation that occurs in Indonesia.…”

Section: Introductionmentioning

confidence: 99%

Autoregressive Vector (VAR) Method in Analyzing Inflation Persistence in Indonesia

Marlina,

Suriadi

2023

IJMRA

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One of the most important economic variables is inflation. It is known that some changes in each major variable in the economy are caused by the rate of inflation, such as unemployment and future economic conditions. This is what makes inflation a variable that is often observed and tested, both theoretically and empirically. Economic development is said to run well if supported by stable inflation values, which will later serve to make the population more prosperous in the future. This research is a quantitative research using secondary data, namely inflation and CPI data from January 2018 to December 2022. Data obtained from Bank Indonesia and the Indonesian Central Bureau of Statistics. This study aims to see persistence in Indonesia and see the effect of CPI on inflation both in the long and short term. Where the model used in this study is using the VAR model of differential levels, because the data is not stationary at the level level. Determination of the optimal lag length is obtained from the lowest Akaike Information Criterion (AIC) value. The results of the analysis show that the persistence of inflation in Indonesia is fairly high. This is because the lag value in inflation is close to 1 or even more, which is 6.71. The high persistence of inflation is expected to cause shocks that affect the inflation rate in Indonesia. Then the length of time it takes for inflation to return to the equilibrium position is about 1 year and a half or 18 months. Furthermore, for the effect of inflation on CPI, in this case it has an influence in the long run, while for the short term influence is only influenced by its own variables.

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What is the effect of imported inflation and central bank credibility on the poor and rich?

Mendonça

Trigo²

2023

Applied Economics

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Services inflation dynamics and persistence puzzle in Brazil: a time-varying parameter approach

Cited by 5 publications

References 21 publications

Economic Drivers of Consumer Price Growth in the EU–27 Service Industry during the Post‑pandemic Period

Economic Drivers of Consumer Price Growth in the EU–27 Service Industry during the Post‑pandemic Period

Autoregressive Vector (VAR) Method in Analyzing Inflation Persistence in Indonesia

What is the effect of imported inflation and central bank credibility on the poor and rich?

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