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Persistent link: https://www.econbiz.de/10005519104
This paper studies the problems of estimation and inference in the linear trend model: yt=à+þt+ut, where ut follows an autoregressive process with largest root þ, and þ is the parameter of interest. We contrast asymptotic results for the cases þþþ 1 and þ=1, and argue that the most...
Persistent link: https://www.econbiz.de/10005601537
This paper studies the problems of estimation and inference in the linear trend model y<sub>t</sub> = α + βt + u<sub>t</sub>, where u<sub>t</sub> follows an autoregressive process with largest root ρ and β is the parameter of interest. We contrast asymptotic results for the cases |ρ| 1 and ρ = 1 and argue that the most...
Persistent link: https://www.econbiz.de/10005557451
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Persistent link: https://www.econbiz.de/10006365213
A major question in the literature on the classical gold standard concerns the efficiency of international arbitrage. Authors have examined efficiency by looking at the spread of the gold points, gold point violations, the flow of gold, or by tests of various asset market criteria, including...
Persistent link: https://www.econbiz.de/10005088628
A major question in the literature on the classical gold standard concerns the efficiency of international arbitrage. Authors have examined efficiency by looking at the spread of the gold points, gold point violations, or the flow of gold, or by tests of various asset market criteria, including...
Persistent link: https://www.econbiz.de/10005557294
A major question in the literature on the classical gold standard concerns the efficiency of international arbitrage. Authors have examined efficiency by looking at the spread of the gold points, gold point violations, the flow of gold, or by tests of various asset market criteria, including...
Persistent link: https://www.econbiz.de/10005791868
Persistent link: https://www.econbiz.de/10006963158
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