Detail Estimating Intertemporal Quadratic Adjustment Cost Models With Integrated Series   Oleh:  Banerjee, Anindya ; Dolado, Juan ; Galbraith, John W. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991), page 919-936. Topik: costs; intertemporal quadratic; adjustment cost models; integrated series Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel We consider the estimation of parameters in Euler equations where regressand and regressors may be nonstationary, and propose a several - stage procedure requiring only knowledge of the Euler equation and the order of integration of the data. This procedure uses the information gained from pre - testing for the order of integration of data series to improve specification and estimation. We can also offer an explanation of the frequent empirical finding that discount rates and adjustment costs are poorly estimated. Both analytical and experimental (Monte Carlo) results are provided. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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