Mojon, Benoît (contributor); Altissimo, Filippo (contributor) - 2007
increases. Such a slow rate of decay has, in the case of in�ation, led many empirical
studies to assume a unit root behavior for …
beforehand. Second, many studies have showed that the mid-eighties marked a signi�cant break
in average in�ation in most OECD … more stable, the breaks in average in�ation of its two largest trade partners is
a major event in itself.
For all these …