Is there a unit root in the inflation ra
โ
Sarah E. Culver; David H. Papell
๐
Article
๐
1997
๐
John Wiley and Sons
๐
English
โ 144 KB
๐ 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