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Inflation persistence in new EU member states: Is it different than in the euro area members?
 Franta, Michal ; Saxa, Branislav ; Šmídková, Kateřina
Writors of this paper confirm that one should work carefully with the usual estimation methods when analyzing the NMS, given the scope of the convergence process they went through. They show that due to frequent breaks in inflation time series in the NMS, parametric statistical measures assuming a constant mean deliver substantially higher persistence estimates for the NMS than for the euro area countries.
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