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Block Local to Unity and Continuous Record Asymptotics

This paper provides a continuous record interpretation of the block local to unity asymptotics proposed recently by Phillips, Moon and Xiao (2001). It also demonstrates that in the case of homogeneous dynamics and a fixed number of blocks, the new asymptotic approximation coincides with the conventional local to unity asymptotic approximation.
Year of publication:
2001-08-23
Authors: Boswijk, H. Peter
Institutions: Tinbergen Institute
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
The text is part of a series Tinbergen Institute Discussion Papers Number 01-078/4
Source:
Persistent link: https://www.econbiz.de/10005450716
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