Modelling Inflation Uncertainty with Structural Breaks Case of Turkey (1994–2013)

Table 4

Bai-Perron structural break results using sequential test method for the inflation series.

Break test	-statistics	Scaled -statistics	Critical value**
0 versus 1*	27.21147	54.42294	11.47
1 versus 2	5.618205	11.23641	12.95
Number of breaks	Break dates
1	2002:M02

Significant at the 0.05 level.
Bai-Perron [67] critical values.