Does a Monetary Union Matter for the Degree of Inflation Persistence? The Case of the West Africa Monetary Zone (WAMZ)

Adelakun, Ojo Johnson

doi:10.1080/10800379.2020.12097354

Cited by 1 publication

(1 citation statement)

References 29 publications

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“…Their results provide evidence of long‐memory behaviour in the inflation rates for 17 countries. Adelakun (2020) finds a relatively low degree of inflation persistence since the advent of monetary union in the West Africa Monetary Zone (WAMZ) after using a multivariate vector autoregressive moving average GARCH framework. The work by Hadizadeh (2020) further validates the mean reverting properties of inflation in 25 provinces in Iran through a quantile unit root test which rejects the null hypothesis of the unit root across all inflation series.…”

Section: Introductionmentioning

confidence: 99%

Euro area inflation in the era of COVID‐19: A permanent or a transitory phenomenon?

Apergis

2024

The Manchester School

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The goal of this paper is to test the mean reversion process of the inflation rate in the Eurozone during the COVID‐19 pandemic crisis. The study uses weekly data on consumer prices (measured through the Harmonized Consumer Price Index), spanning the period from 2020 to the mid of 2022. The findings document that euro area inflation follows a mean non‐reverting process, with most of its components following a similar pattern. Moreover, sub‐period analysis illustrates that the vaccination process against the pandemic gives a transitory character to euro area inflation, which, however, is dominated by the lockdown and the Omicron mutation periods. Finally, comparative analysis illustrated the differences of inflation persistence during the Global Financial Crisis of 2007–2009.

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Section: Introductionmentioning

confidence: 99%

Euro area inflation in the era of COVID‐19: A permanent or a transitory phenomenon?

Apergis

2024

The Manchester School

View full text Add to dashboard Cite

show abstract

Does a Monetary Union Matter for the Degree of Inflation Persistence? The Case of the West Africa Monetary Zone (WAMZ)

Cited by 1 publication

References 29 publications

Euro area inflation in the era of COVID‐19: A permanent or a transitory phenomenon?

Euro area inflation in the era of COVID‐19: A permanent or a transitory phenomenon?

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