×

Trending time series and macroeconomic activity: Some present and future challenges. (English) Zbl 0961.62112

Summary: Some challenges for econometric research on trending time series are discussed in relation to some perceived needs of macroeconomics and macroeconomic policy making.

MSC:

62P20 Applications of statistics to economics
91B84 Economic time series analysis
Full Text: DOI

References:

[1] Durlauf, S.N., Brock, W., 2000. Interactions-Based Models. Handbook of Econometrics. vol. V, J.J. Heckmand, E.E. Leamer (Eds.), Amsterdam, North-Holland.; Durlauf, S.N., Brock, W., 2000. Interactions-Based Models. Handbook of Econometrics. vol. V, J.J. Heckmand, E.E. Leamer (Eds.), Amsterdam, North-Holland.
[2] Galor, O.; Zeira, J., Income distribution and macroeconomics, Review of Economic Studies, 60, 35-52 (1993) · Zbl 0825.90194
[3] Greenspan, A., 2000. Questions and answers session of the Humphrey-Hawkins Testimony on February 23, 2000. Reported by Cable News Network, Transcript #00022300V63.; Greenspan, A., 2000. Questions and answers session of the Humphrey-Hawkins Testimony on February 23, 2000. Reported by Cable News Network, Transcript #00022300V63.
[4] Hall, R. E., Stochastic implications of the life cycle – permanent income hypothesistheory and evidence, Journal of Political Economy, 96, 971-987 (1978)
[5] Krugman, P., Target zones and exchange rate dynamics, Quarterly Journal of Economics, 106, 669-682 (1991)
[6] Krugman, P., The Age of Diminished Expectations (1995), MIT Press: MIT Press Cambridge
[7] Krugman, P., 1996. Technology’s Wonders: Not so Wondrous USA Today, December 12. Reprinted in P. Krugman (1998). The Accidental Theorist. New York: Norton.; Krugman, P., 1996. Technology’s Wonders: Not so Wondrous USA Today, December 12. Reprinted in P. Krugman (1998). The Accidental Theorist. New York: Norton.
[8] Park, J.Y., Phillips, P.C.B., 2000. Nonstationary binary choice. Econometrica, forthcoming.; Park, J.Y., Phillips, P.C.B., 2000. Nonstationary binary choice. Econometrica, forthcoming. · Zbl 1056.62530
[9] Phillips, P. C.B., Understanding spurious regressions in econometrics, Journal of Econometrics, 33, 311-340 (1986) · Zbl 0602.62098
[10] Phillips, P. C.B., Econometric model determination. Econometrica, 64, 4, 763-812 (1996) · Zbl 0899.62144
[11] Phillips, P. C.B., New tools for understanding spurious regressions, Econometrica, 66, 1299-1326 (1998) · Zbl 1056.62531
[12] Phillips, P.C.B., 1998b. New unit root asymptotics in the presence of deterministic trends. Cowles Foundation Discussion Paper, No. 1196, Yale University.; Phillips, P.C.B., 1998b. New unit root asymptotics in the presence of deterministic trends. Cowles Foundation Discussion Paper, No. 1196, Yale University.
[13] Phillips, P.C.B., 1998c. Econometric analysis of Fisher’s equation. Cowles Foundation Discussion Paper, No. 1180, Yale University.; Phillips, P.C.B., 1998c. Econometric analysis of Fisher’s equation. Cowles Foundation Discussion Paper, No. 1180, Yale University.
[14] Phillips, P.C.B., 1999. Descriptive econometrics for nonstationary time series with empirical illustrations. Cowles Foundation Discussion Paper, No. 1219, Yale University.; Phillips, P.C.B., 1999. Descriptive econometrics for nonstationary time series with empirical illustrations. Cowles Foundation Discussion Paper, No. 1219, Yale University.
[15] Ploberger, W., Phillips, P.C.B., 1999. Empirical limits for time series econometric models. Cowles Foundation Discussion Paper, No. 1220, Yale University.; Ploberger, W., Phillips, P.C.B., 1999. Empirical limits for time series econometric models. Cowles Foundation Discussion Paper, No. 1220, Yale University.
[16] Solow, R., Toward a Macroeconomics of the medium run, Journal of Economic Perspectives, 14, 151-158 (2000)
[17] West, M.; Harrison, P. J., Bayesian Forecasting and Dynamic Models (1989), Springer: Springer New York · Zbl 0697.62029
This reference list is based on information provided by the publisher or from digital mathematics libraries. Its items are heuristically matched to zbMATH identifiers and may contain data conversion errors. In some cases that data have been complemented/enhanced by data from zbMATH Open. This attempts to reflect the references listed in the original paper as accurately as possible without claiming completeness or a perfect matching.