Noriega, Antonio E.; Ramos-Francia, Manuel - 2009
) and I(1) periods. We find that (1) With very few exceptions, inflation around the world rejects a unit root, (2) for …We study the dynamics of inflation persistence in 45 countries for the period 1960-2008. We use a nonparametric unit … inflation data, and a test for multiple changes in persistence, which decomposes the sample information between adjacent I(0 …