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March 7, 2026Latin American Economic ReviewOpen Access

Asymmetric Inflation Persistence in Latin America: Evidence from Chile, Colombia, and Peru Using Quantile Autoregression Analysis

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Authors

RQRicardo QuinecheJAJosé Aurelio Cortina AguilarRGRomina Garibay

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Overview

This analysis examines inflation persistence in Latin America, highlighting asymmetric responses to shocks in inflation regimes.

Key Points

  • This research aims to explore inflation persistence and its asymmetries in Chile, Colombia, and Peru.
  • Used quantile autoregression analysis on monthly inflation data from 1992 to 2023.
  • Investigated adjustment patterns at different distribution quantiles.
  • Analyzed the unit root hypothesis across various quantiles for each country.
  • Found significant asymmetries in inflation persistence between positive and negative shocks.
  • Positive inflation shocks showed greater persistence compared to negative shocks.
  • Identified global stationarity in inflation for all three countries at higher quantiles.

Cite This Study

Quineche et al. (2025) studied this question.

synapsesocial.com/papers/69abc2175af8044f7a4eb538https://doi.org/10.60758/laer.v37i.565
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