Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests

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 findi...

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Main Author:	Burcu OZCAN
Format:	Article
Language:	English
Published:	Ala-Too International University 2013-11-01
Series:	Eurasian Journal of Business and Economics
Subjects:	Inflation Monetary Policy Stationarity Unit Root Structural Breaks.
Online Access:	http://www.ejbe.org/EJBE2013Vol06No12p079-OZCAN.pdf

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spelling	doaj-b969f37bdd814c64aae4dbfb864a56142020-11-24T21:41:59ZengAla-Too International UniversityEurasian Journal of Business and Economics 1694-59481694-59722013-11-016127996Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root TestsBurcu OZCAN0 Firat UniversityIn 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. http://www.ejbe.org/EJBE2013Vol06No12p079-OZCAN.pdfInflationMonetary PolicyStationarityUnit RootStructural Breaks.
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Burcu OZCAN
spellingShingle	Burcu OZCAN Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests Eurasian Journal of Business and Economics Inflation Monetary Policy Stationarity Unit Root Structural Breaks.
author_facet	Burcu OZCAN
author_sort	Burcu OZCAN
title	Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests
title_short	Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests
title_full	Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests
title_fullStr	Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests
title_full_unstemmed	Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests
title_sort	are inflation rates stationary in 11 mediterranean countries? evidence from univariate and panel unit root tests
publisher	Ala-Too International University
series	Eurasian Journal of Business and Economics
issn	1694-5948 1694-5972
publishDate	2013-11-01
description	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.
topic	Inflation Monetary Policy Stationarity Unit Root Structural Breaks.
url	http://www.ejbe.org/EJBE2013Vol06No12p079-OZCAN.pdf
work_keys_str_mv	AT burcuozcan areinflationratesstationaryin11mediterraneancountriesevidencefromunivariateandpanelunitroottests
_version_	1725919521455210496

Are Inflation Rates Stationary in 11 Mediterranean Countries? Evidence from Univariate and Panel Unit Root Tests

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