Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-3952
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dc.contributor.authorMüller, Christian-
dc.date.accessioned2018-08-28T13:18:11Z-
dc.date.available2018-08-28T13:18:11Z-
dc.date.issued2009-
dc.identifier.issn2235-6282de_CH
dc.identifier.issn0303-9692de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/9781-
dc.description.abstractThis paper considers an expectations augmented version of the Engle and Granger (1987) error correction model and shows that standard inference about the adjustment coefficients can be severely biased. This has implications for long-run causality and impulse-response analysis in particular. However, a sometimes simple remedy exists which only requires some additional regressions. The results are illustrated using U.S., German and Swiss datade_CH
dc.language.isoende_CH
dc.publisherSpringerde_CH
dc.relation.ispartofSwiss Journal of Economics and Statisticsde_CH
dc.rightshttp://creativecommons.org/licenses/by/4.0/de_CH
dc.subjectForecastingde_CH
dc.subjectRational expectationde_CH
dc.subjectZWPde_CH
dc.subjectPolicy analysisde_CH
dc.subject.ddc330: Wirtschaftde_CH
dc.titleBiased estimation in a simple extension of a standard error correction modelde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitFachstelle für Wirtschaftspolitik (FWP)de_CH
dc.identifier.doi10.21256/zhaw-3952-
dc.identifier.doi10.1007/BF03399274de_CH
zhaw.funding.euNode_CH
zhaw.issue1de_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end60de_CH
zhaw.pages.start37de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume145de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
Appears in collections:Publikationen School of Management and Law

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