Estimating deterministic trends in the presence of serially correlated errors

Article Abstract:

An analysis of the effects of serially correlated errors on time series trends reveals that errors may seriously affect inference and efficient estimation. The distribution of estimators asymptotically depends on local-to-unity parameters that measure error persistence and parameters that identifies variance of initial error term. Estimation and interference research results were used to estimate real per capita growth rates in 128 countries.

Research and Development in the Physical, Engineering, and Life Sciences, Statistics, Analysis, Reports, Economic research, Estimation theory, Statistics (Mathematics)

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Money, prices, interest rates and the business cycle

Article Abstract:

The correlations between business cycles and interest rates, money and prices are examined using macroeconomic models like the real business cycle model, sticky price model and the liquidity effect model. Empirical analysis indicates the weakness of all of the models in measuring the variability and covariability of the four variables. Researchers should develop newer models that can match the nominal with real variables.

Models, Macroeconomics

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Measuring business cycles: approximate band-pass filters for economic time series

Article Abstract:

This study uses a set of band-pass filters to measure the business-cycle component of a macroeconomic system. In this paper, a business cycle is defined to mean a period of no less than 18 months.

United States, Science & research, Econometrics & Model Building, Statistical Data Included, Usage, Measurement, Business models, Filters (Mathematics), Mathematical filters

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