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- Publisher
- Wiley
- Copyright
- © 2013 African Development Bank
- ISSN
- 1017-6772
- eISSN
- 1467-8268
- DOI
- 10.1111/j.1467-8268.2013.12016.x
- Publisher site
- See Article on Publisher Site
Abstract
This paper forecasts inflation in Angola with an ARFIMA (autoregressive fractionally integrated moving average) model. It is found that inflation in Angola is a highly persistent variable with an order of integration constrained between 0 and 1. Moreover, a structural break is found in August 1996. Using the second subsample for forecasting purposes, the results reveal that inflation will remain low, assuming that prudent macroeconomic policies are maintained.
Journal
African Development Review – Wiley
Published: Mar 1, 2013