Some Evidence of Smooth Transition Nonlinearity in Colombian Inflation

Número: 
105
Publicado: 
Clasificación JEL: 
E31, E52, C51, C22
Palabras clave: 
Nonlinearity, Colombian, Inflation

Evidence of smooth transition autoregressive (STAR) representations is found in two, out of three, time series of different measures of annual inflation in Colombia during this decade for monthly data. The STAR-type nonlinearities are asymmetric for infla