Castle, Jennifer L.; Hendry, David F. - 2008
1471-0498
DEPARTMENT OF ECONOMICS
DISCUSSION PAPER SERIES
THE LONG-RUN DETERMINANTS …∗
Economics Department, Oxford University, U.K.
September 26, 2007
Abstract
As it is almost 50 years since Phillips (1958), we …, commencing with a distinct pattern of business cycle fluctuations, a jump in
the mean and variance of Ur, the era of low mean and …