Revisiting the uncertain unit root in GDP and CPI: Testing for non-linear trend reversion

C-Tier

Journal: Economics Letters

Year: 2008

Volume: 100

Issue: 2

Pages: 221-223

Authors (2)

Beechey, Meredith (Sveriges Riksbank) Österholm, Pär (Örebro Universitet)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We test for the presence of a unit root in U.S. GDP and CPI, allowing for non-linear trend reversion under the alternative hypothesis. In contrast to most previous results, we find evidence in favour of trend stationarity for both variables.

Revisiting the uncertain unit root in GDP and CPI: Testing for non-linear trend reversion

Authors (2)

Abstract

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