Nymoen, Ragnar; L. Castle, Jennifer; A. Doornik, Jurgen; … - Økonomisk institutt, Universitetet i Oslo - 2010
Momentsmethods. However, the underlying theory does not allow for various non-stationarities–although crises, breaks and regimes … shifts are relatively common. We analytically investigate the consequences for NKPC estimation of breaks in data processes … coefficient of the future value becomes insignificant after modelling breaks. …