Unemployment Hysteresis in Australian States and Territories: Evidence from Panel Data Unit Root Tests

Is there a unit root in the inflation ra

Is there a unit root in the inflation rate? Evidence from sequential break and panel data models

✍ Sarah E. Culver; David H. Papell 📂 Article 📅 1997 🏛 John Wiley and Sons 🌐 English ⚖ 144 KB 👁 1 views

Using sequential trend break and panel data models, we investigate the unit root hypothesis for the in¯ation rates of thirteen OECD countries. With individual country tests, we ®nd evidence of stationarity in only four of the thirteen countries. The results are more striking with the panel data mode