Yoon, Gawon - In: Applied Economics Letters 20 (2013) 13, pp. 1254-1258
This article estimates common structural breaks among four long-term UK bond yields, which shared a V-shaped trending behaviour during the sample period of 1870 to 1914. By applying the new inference procedure proposed by Qu and Perron (2007) for structural breaks in multivariate regressions, we...