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Table 2 Unit root and stationarity tests (1975–2018, including deterministic trend)

From: Money and inflation in Switzerland

 

PP

KPSS

RMG

− 2.90**

0.3001

REER

− 3.731**

0.0768

IL

− 2.343

0.2881***

INF

− 3.404*

0.0517

YG

− 3.673**

0.0576

  1. *, **, *** indicates significance at the 10, 5 and 1% level, respectively