Is inflation stationary?

Ninety-three world-wide inflation series are tested for unit roots. Treating the data series' innovations as draws from a symmetric stable distribution, with possibly infinite variance, reduces the number that appear stationary.

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Year of publication:	2005
Authors:	Charemza, Wojciech ; Hristova, Daniela ; Burridge, Peter
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 37.2005, 8, p. 901-903
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005511159