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- W3140219708 abstract "This article proves the asymptotic efficiency of the Dickey Fuller (DF) test when the Data Generating Process of the variable under consideration is in fact mean stationary with breaks. Monte Carlo simulations show that asymptotic properties remain valid for sample sizes of practical interest. We illustrate its performance by studying inflation rate series, a variable that should be stationary if the monetary authority follows an effective inflation targeting regime: shocks are short-lived, therefore, inflation fluc- tuates randomly around pre-specified targets." @default.
- W3140219708 created "2021-04-13" @default.
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- W3140219708 date "2006-01-01" @default.
- W3140219708 modified "2023-09-28" @default.
- W3140219708 title "Inflation and Breaks: the validity of the Dickey-Fuller test" @default.
- W3140219708 hasPublicationYear "2006" @default.
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