The economic literature provides evidence that inflation rates can co-move across nations because of a host of reasons, ranging from low frequency changes in monetary policy to similar high frequency shocks. Hence, this paper investigates inflation rate co-movements between nine (9) African...

The economic literature provides evidence that inflation rates can co-move across nations because of a host of reasons, ranging from low frequency changes in monetary policy to similar high frequency shocks. Hence, this paper investigates inflation rate co-movements between nine (9) African...

Purpose – The purpose of the paper is to examine the seasonal structure in the German monetary aggregate M 1 and output by means of fractional integration techniques. Design/methodology/approach – The authors use a version of the tests of Robinson that permits testing seasonal I (d) models...