%0 Journal Article
%T Infla£¿£¿o inercial sob mudan£¿as de regime: an¨¢lise a partir de um modelo MS-ARFIMA, 1944-2009
%A Figueiredo
%A Erik Alencar de
%A Marques
%A Andr¨¦ M.
%J Economia Aplicada
%D 2011
%I Universidade de S?o Paulo
%R 10.1590/S1413-80502011000300005
%X the main goal of this paper is search for the long run dependence in the brazilian inflation rate allowing regime switching by the ms-arfima model. the principal contribution of this paper is the simultaneous and consistent estimation of longmemory coefficient d and the several regimes that encompass them. the results enable us to conclude that there were two regimes in the brazilian economy with high persistence: hyperinflation regime and low inflation regime. the long run memory of inflation rate is dependent upon regime switching. the low inflation regime is the more persistent one.
%K inertial inflation
%K ms-arfima
%K long run dependence.
%U http://www.scielo.br/scielo.php?script=sci_abstract&pid=S1413-80502011000300005&lng=en&nrm=iso&tlng=en