Cover Image

Persistence and time-varying coefficients

Persistence in economic variables is common. We re-examine that using a time-varying parameter model. Results support a substantial reduction in persistence, particularly, when allowing for time-variation in the constant. This has important implications for policy-making and the effect of shocks.
Year of publication:
2010
Authors: McMillan, David G. ; Wohar, Mark E.
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 108.2010, 1, p. 85-88
Publisher: Elsevier
Subject: Persistence Time-varying coefficient State-space
Online Resource
Check full text access |
Check Google Scholar
In libraries world-wide (WorldCat)
In German libraries (KVK)
subito order
I need help
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10008494856
Similar items by person