文章基本信息

标题：Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests
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作者：Burcu OZCAN
期刊名称：Eurasian Journal of Business and Economics
印刷版ISSN：1694-5948
电子版ISSN：1694-5972
出版年度：2013
期号：1951
页码：79-96
出版社：International Ataturk Alatoo University
摘要：In this study, we employ unit root tests that allow for heterogeneous structural breaks developed by Lee and Strazicich (2003), Narayan and Popp (2010), and Im et al. (2010) to examine the stationarity of inflation rates in 11 Mediterranean countries over the period 1960-2011. The empirical findings support the stationarity of inflation rates when structural breaks are allowed. Thus, most shocks to inflation rates appear to be temporary and inflation rates show mean reversion. In addition, the results indicate some important policy implications