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Is there really a unit root in the inflation rate? More evidence from panel data models

โœ Scribed by Basher, Syed A.; Westerlund, Joakim


Book ID
118179445
Publisher
Taylor and Francis Group
Year
2008
Tongue
English
Weight
105 KB
Volume
15
Category
Article
ISSN
1350-4851

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โœ Sarah E. Culver; David H. Papell ๐Ÿ“‚ Article ๐Ÿ“… 1997 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 144 KB ๐Ÿ‘ 1 views

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