Title :
Does low inflation imply low inflation persistence: New evidence from China
Author :
Feng, Baojun ; Zhang, Chengsi
Author_Institution :
Dalian University of Technology, Dalian, China
Abstract :
This paper investigates the nature of China inflation persistence over the recent 12 years employing a bootstrapped median unbiased estimator that provides correct asymptotic coverage. Empirical results show that inflation in China remains highly persistent during the past decade. This finding suggests that low inflation does not imply low inflation persistence.
Keywords :
Biological system modeling; Correlation; Economic indicators; Estimation; Pricing; Robustness; inflation; inflation persistence; median unbiased estimator;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5882118
