Neely, Christopher J. (contributor); … - 2008
applying a dynamic latent factor model to 65 national inflation rates over the
postwar era (1951–2006). This approach models … 56 inflation rate observations (1951–2006)
for each country. The summary statistics in Table 1 show that Latin American … rate fluctuations in individual countries on average during 1951–2006, while
country-specific shocks account for the other …