Trends and random walks in macroeconmic time series. Some evidence and implications

Journal of Monetary Economics

Volumn 10, Issue 2, 1982, Pages 139-162

  Nelson, Charles R ^a   Plosser, Charles R ^b  

^a UNIVERSITY OF WASHINGTON   (United States)

^b UNIVERSITY OF ROCHESTER   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 49049143455     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-3932(82)90012-5     Document Type: Article

References (45)

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4. Real wages and cyclical variations in employment An examination of the evidence
5. A note on trend removal methods The case of polynomial versus variate differencing
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7. Likelihood ratio statistics for autoregressive time series with a unit root
8. Stochastic implications of the life cycle permanent income hypothesis Theory and evidence
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10. Historical Statistics of the U.S.
11. Technological progress and production functions
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13. Some international evidence on output-inflation tradeoffs
14. An equilibrium model of the business cycle
15. The Monte Carlo cycle in business activity
16. Optimal properties of exponentially weighted forecasts
17. Spurious periodicity in inappropriately detrended time series
18. A production function — nonaccelerating inflation approach to potential output: Is measured potential output too high?
19. On trend and autocorrelation
20. Signal extraction error in nonstationary time series
21. Estimation of a noninvertible moving average process: The case of overdifferencing
22. Potential GNP: Its measurement and significance — A dissenting opinion
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24. The volatility of long term interest rates and expectations models of the term structure
25. Do stock prices move too much to be justified by subsequent changes in dividends?
26. Technical change and the aggregate production function
27. Anticipated inflation and the capital stock in a cash-in-advance economy
28. Estimation and control of a macroeconomic model with rational expectations
29. Asymptotic behaviour of temporal aggregates of time series
30. Money and economic growth
31. The behavior of the sample autocorrelation function for an integrated moving average process
32. A note on the correlation of first differences of averages in a random chain