Using sequential trend break and panel data models, we investigate the unit root hypothesis for the inยฏation rates of thirteen OECD countries. With individual country tests, we ยฎnd evidence of stationarity in only four of the thirteen countries. The results are more striking with the panel data mode
Inflation Expectations and Inflation Uncertainty in the Eurozone: Evidence from Survey Data
โ Scribed by Ivo J.M. Arnold; Jan J.G. Lemmen
- Publisher
- Springer-Verlag
- Year
- 2008
- Tongue
- English
- Weight
- 470 KB
- Volume
- 144
- Category
- Article
- ISSN
- 1610-2878
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
We propose a new way of extracting inflation information from the term structure, by setting the Fisher equation in the context of the stochastic discount factor (SDF) asset pricing theory. We develop a multivariate estimation framework which models the term structure of interest rates in a manner c
Objective. Osteoarthritis (OA) is a major debilitating disease affecting ฯณ27 million persons in the US. Yet, the financial costs to patients and insurers remain poorly understood. The purpose of this study was to quantify by multivariate analyses the relationships between OA and annual health care e