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Testing for a random walk in Italy's inflation in the post-war period, 1947-1996

Narayan, Paresh Kumar 2005, Testing for a random walk in Italy's inflation in the post-war period, 1947-1996, IUP Journal of Financial Economics, vol. 3, no. 4, pp. 77-82.


Title Testing for a random walk in Italy's inflation in the post-war period, 1947-1996
Author(s) Narayan, Paresh Kumar
Journal name IUP Journal of Financial Economics
Volume number 3
Issue number 4
Start page 77
End page 82
Total pages 5
Publisher The ICFAI University Press
Place of publication Hyderabad, India
Publication date 2005-12
Summary This paper investigates the unit root properties of Italy’s inflation rate in the post-war period (1947-1996). To achieve the aim of this study, the Zivot and Andrews (1992) one break test and the Lumsdaine and Papell (1997) two breaks test for unit roots are applied. It is found that inflation for Italy was a non-stationary breakpoint for the period 1947-1996. This result has important implications for econometric modeling and in understanding the behavior of shocks to Italy’s inflation.
Language eng
Field of Research 140212 Macroeconomics (incl Monetary and Fiscal Theory)
HERDC Research category CN.1 Other journal article
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024666

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
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