1997
DOI: 10.1002/(sici)1099-1255(199707)12:4<435::aid-jae430>3.0.co;2-1
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Is there a unit root in the inflation rate? Evidence from sequential break and panel data models
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Cited by 190 publications
(128 citation statements)
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“…Our finding on the I (0) inflation rates is consistent with those in previous studies using panel‐based unit root tests (e.g. Culver and Papell, 1997; Basher and Westerlund, 2008). The panel‐based tests yield power gains by exploiting the cross‐section and time‐series variation of the data.…”
Section: Resultssupporting
confidence: 91%
“…Our finding on the I (0) inflation rates is consistent with those in previous studies using panel‐based unit root tests (e.g. Culver and Papell, 1997; Basher and Westerlund, 2008). The panel‐based tests yield power gains by exploiting the cross‐section and time‐series variation of the data.…”
Section: Resultssupporting
confidence: 91%
“…Using sectoral inflation rates as cross‐sectional units, we also employed three alternative panel unit roots that assume cross‐sectional independence. In agreement with Culver and Papell (1997) we found that inflation, overall, is stationary 13 . However, the notion of cross‐sectionally independent economic sectors may be counterintuitive.…”
Section: Econometric Framework and Resultssupporting
confidence: 88%
“……”
Section: Resultssupporting
confidence: 73%
