Abstract
Using the same data as Chow and Wang (2010) [Chow, Gregory C., Wang, Peng, 2010. The empirics of inflation in China. Economics Letters 109, 28–30], as well as a smooth transition regression model, this paper reconsiders the empirics of inflation in China. The estimated smooth transition error correction model indicates the significant regime-switching behavior of inflation in China, in contrast to the results derived with Chow and Wang’s model of constant parameters.
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