Aissa, Mohamed Safouane Ben; Boutahar, Mohamed; Jouini, … - In: Applied Economics Letters 11 (2004) 2, pp. 109-115
This paper addresses the issue of estimating the number of breaks and their locations in the monthly US inflation series using two different approaches to testing for structural changes. The first approach considers Bai and Perron's selection procedure based on a sequence of tests. This approach...