Structural instability of US inflation persistence
被引:2
作者:
Zhang, Chengsi
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机构:
Renmin Univ China, Sch Finance, China Financial Policy Res Ctr, Beijing 100872, Peoples R ChinaRenmin Univ China, Sch Finance, China Financial Policy Res Ctr, Beijing 100872, Peoples R China
Zhang, Chengsi
[1
]
机构:
[1] Renmin Univ China, Sch Finance, China Financial Policy Res Ctr, Beijing 100872, Peoples R China
The article employs recently developed unknown break tests to characterize the nature of structural instability in inflation persistence and find multiple structural breaks in the persistence of six major US inflation series.