Unit Roots and Survey Data.

Several necessary conditions regarding the order of integration are stated for survey data, which optimally forecast variables with unit roots. The necessary conditions can be easily tested within the cointegration framework, and have applications for modeling the expectations structure. If the survey data is rational, adaptive influences must enter the expectations structure through the error correction mechanism. Copyright 1989 by Blackwell Publishing Ltd

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Year of publication:	1989
Authors:	Fischer, Andreas M
Published in:	Oxford Bulletin of Economics and Statistics. - Department of Economics, ISSN 0305-9049. - Vol. 51.1989, 4, p. 451-63
Publisher:	Department of Economics

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005682337