Spatial differences in inflation persistence in Hungary

Zsibók, Zsuzsanna and Varga, Balázs: Spatial differences in inflation persistence in Hungary. Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress : International Scientific Conference Szeged, November 19-21, 2009. pp. 1121-1144. (2010)

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Abstract

On the basis of a disaggregated data set, we study inflation persistence in Hungary by focusing on regional cross-sectional variation. To this end, we use regional inflation series constructed from individual store-level price quotes. The price observations were collected for the CPI database at a monthly frequency and were provided by the Central Statistical Office of Hungary. In order to estimate inflation persistence, we assume time-varying-coefficient autoregressive models as described in Darvas - Varga (2007). The aim of the study is to describe the spatial patterns of Hungarian inflation persistence on the NUTS-3 level by using various exploratory spatial data analysis (ESDA) techniques. Previous researches found that while an apparent co-movement exists between the inflation rates in different regions, the decomposed inflation rates are quite disperse. We show that the overall level of inflation persistence decreased during the sample period, however, there are notable differences between the local patterns.

Item Type: Article
Journal or Publication Title: Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress : International Scientific Conference Szeged, November 19-21, 2009
Date: 2010
Page Range: pp. 1121-1144
ISBN: 978-963-06-9558-9
Uncontrolled Keywords: Infláció - Magyarország, Adatelemzés
Additional Information: Bibliogr.: p. 1139-1141. ; összefoglalás angol nyelven
Date Deposited: 2019. May. 15. 08:57
Last Modified: 2019. May. 15. 08:57
URI: http://acta.bibl.u-szeged.hu/id/eprint/57862

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