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

Basher, Syed A. and Westerlund, Joakim 2008, Is there really a unit root in the inflation rate? More evidence from panel data models, Applied economics letters, vol. 15, no. 3, pp. 161-164, doi: 10.1080/13504850600706305.

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Title Is there really a unit root in the inflation rate? More evidence from panel data models
Author(s) Basher, Syed A.
Westerlund, Joakim
Journal name Applied economics letters
Volume number 15
Issue number 3
Start page 161
End page 164
Total pages 4
Publisher Taylor & Francis
Place of publication London, Eng.
Publication date 2008
ISSN 1350-4851
1466-4291
Keyword(s) Social Sciences
Economics
Business & Economics
REAL INTEREST-RATE
COINTEGRATION
SHIFTS
TESTS
Summary Time series unit root evidence suggests that inflation is nonstationary. By contrast, when using more powerful panel unit root tests, Culver and Papell (1997) find that inflation is stationary. In this article, we test the robustness of this result by applying a battery of recent panel unit root tests. The results suggest that the stationarity of inflation holds even after controlling for cross-sectional dependence and structural change.
Language eng
DOI 10.1080/13504850600706305
Field of Research 150202 Financial Econometrics
Socio Economic Objective 919999 Economic Framework not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2008, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30078218

Document type: Journal Article
Collections: Faculty of Business and Law
Department of Economics
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