Inflation Dynamics in Uganda: a Quantile Regression Approach

dc.contributor.author	Anguyo, Francis Leni
dc.contributor.author	Gupta, Rangan
dc.contributor.author	Kotzé, Kevin
dc.date.accessioned	2022-11-14T17:55:17Z
dc.date.available	2022-11-14T17:55:17Z
dc.date.issued	2020
dc.description.abstract	This paper considers the measurement of inflation persistence in Uganda and how this has changed over time within different quantiles. The measures of inflation include headline inflation and two measures of core inflation. The results suggest that while a unit root is found in many of the upper quantiles of headline inflation, there is evidence of mean reversion within the lower quantiles, which implies that large positive deviations influence the permanent behaviour of inflation. In addition, we find higher levels of persistence after 2006 and during the inflation-targeting period, where potential structural changes may have arisen within the regression quantiles.	en_US
dc.identifier.citation	Anguyo, F. L., Gupta, R., & Kotzé, K. (2020). Inflation dynamics in Uganda: a quantile regression approach. Macroeconomics and Finance in Emerging Market Economies, 13(2), 161-187.https://doi.org/10.1080/17520843.2019.1596963	en_US
dc.identifier.uri	https://nru.uncst.go.ug/handle/123456789/5247
dc.language.iso	en	en_US
dc.publisher	Macroeconomics and Finance in Emerging Market Economies	en_US
dc.subject	Inflation persistence; quantile regression; structural break; monetary policy	en_US
dc.title	Inflation Dynamics in Uganda: a Quantile Regression Approach	en_US
dc.type	Article	en_US

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