to enable proper empirical applications. We provide response surface regressions valid for a wide range of parameters. Copyright Royal Economic Society, 2003

This paper considers the estimation of multiple-structural-break models under specification errors. A common example in economics is that the true model is measured in level, but a linear-log model is estimated. We show that, under specification errors, if there are more than one break points...

<b> </b> This paper studies the linkages between housing and consumption in the United States taking into account regional variation. We estimate national and regional housing factors from a comprehensive set of U.S. price and quantity data available at mixed frequencies and over different time...

This paper studies the error in forecasting an autoregressive process with a deterministic component. We show that when the data are strongly serially correlated, forecasts based on a model that detrends the data using OLS before estimating the autoregressive parameters are much less precise...