메뉴 건너뛰기




Volumn 11, Issue 1, 2011, Pages

How the housing and financial wealth effects have changed over time

Author keywords

consumption; impulse response functions; linear projections; structural breaks

Indexed keywords


EID: 80052538471     PISSN: None     EISSN: 19351690     Source Type: Journal    
DOI: 10.2202/1935-1690.2279     Document Type: Article
Times cited : (4)

References (64)
  • 1
    • 4444345848 scopus 로고    scopus 로고
    • Recent U. S. macroeconomic stability: Good policies, good practices, or good luck?
    • 2004, 86, August, 824-32
    • Ahmed, Shaghil, Andrew Levin, and Beth Anne Wilson, "Recent U. S. Macroeconomic Stability: Good Policies, Good Practices, or Good Luck?" Review of Economics and Statistics, 2004, 86, August, 824-32.
    • Review of Economics and Statistics
    • Ahmed, S.1    Levin, A.2    Wilson, B.A.3
  • 2
    • 0001162133 scopus 로고
    • Tests for parameter instability and structural change with unknown change point
    • Andrews, D. W. K. (1993) "Tests for Parameter Instability and Structural Change with Unknown Change Point", Econometrica, 61, 821-856.
    • (1993) Econometrica , vol.61 , pp. 821-856
    • Andrews, D.W.K.1
  • 3
    • 0003021285 scopus 로고    scopus 로고
    • Optimal changepoint tests for normal linear regression
    • DOI 10.1016/0304-4076(94)01682-8
    • Andrews, D. W. K., I. Lee, and W. Ploberger (1996) "Optimal Changepoint Tests for Normal Linear Regression", Journal of Econometrics, 70, 9-38. (Pubitemid 126339814)
    • (1996) Journal of Econometrics , vol.70 , Issue.1 , pp. 9-38
    • Andrews, D.W.K.1    Lee, I.2    Ploberger, W.3
  • 4
    • 77954213774 scopus 로고    scopus 로고
    • To difference or not to difference: A Monte Carlo investigation of inference in vector autoregression models
    • Ashley, R. A., and R. J. Verbrugge (2009) "To difference or not to difference: a Monte Carlo investigation of inference in vector autoregression models", International Journal of Data Analysis Techniques and Strategies, 1(3), 242-274.
    • (2009) International Journal of Data Analysis Techniques and Strategies , vol.1 , Issue.3 , pp. 242-274
    • Ashley, R.A.1    Verbrugge, R.J.2
  • 5
    • 0346906789 scopus 로고    scopus 로고
    • Estimating and testing linear models with multiple structural changes
    • Bai, J. and P. Perron (1998) "Estimating and Testing for Multiple Structural Changes in a Linear Model", Econometrica, 66, 47-78. (Pubitemid 128467589)
    • (1998) Econometrica , vol.66 , Issue.1 , pp. 47-78
    • Bai, J.1    Perron, P.2
  • 6
    • 0037286212 scopus 로고    scopus 로고
    • Computation and analysis of multiple structural change models
    • Bai, J. and P. Perron (2003) "Computation and Analysis of Multiple Structural Change Models", Journal of Applied Econometrics, 18, 1-22.
    • (2003) Journal of Applied Econometrics , vol.18 , pp. 1-22
    • Bai, J.1    Perron, P.2
  • 7
    • 0000154165 scopus 로고
    • The transformation of the U. S. banking industry: What a long, strange trip it's been
    • Berger, A. N., Kashyap, A. K., Scalise, J. M. (1995) "The transformation of the U. S. banking industry: What a long, strange trip it's been", Brookings Papers on Economic Activity 2, 55-218.
    • (1995) Brookings Papers on Economic Activity , vol.2 , pp. 55-218
    • Berger, A.N.1    Kashyap, A.K.2    Scalise, J.M.3
  • 8
    • 10344243566 scopus 로고    scopus 로고
    • Real estate versus financial wealth in consumption
    • DOI 10.1023/B:REAL.0000036677.42950.98
    • Benjamin, John, D., Chinloy, Peter, and G. Donald Jud (2004) "Real Estate Versus Financial Wealth in Consumption", Journal of Real Estate Finance and Economics, 29(3), 341-354. (Pubitemid 39631089)
    • (2004) Journal of Real Estate Finance and Economics , vol.29 , Issue.3 , pp. 341-354
    • Benjamin, J.D.1    Chinloy, P.2    Jud, G.D.3
  • 9
    • 49449107731 scopus 로고    scopus 로고
    • Structural breaks and consumer credit: Is consumption smoothing finally a reality?
    • March
    • Brady, Ryan, R. (2008) "Structural Breaks and Consumer Credit: Is Consumption Smoothing Finally a Reality?" Journal of Macroeconomics, March, 30, 1246-1268.
    • (2008) Journal of Macroeconomics , vol.30 , pp. 1246-1268
    • Brady, R.R.1
  • 10
    • 78651108160 scopus 로고    scopus 로고
    • Consumer credit, liquidity, and the transmission mechanism of monetary policy
    • Brady, Ryan, R. (2011) "Consumer Credit, Liquidity, and the Transmission Mechanism of Monetary Policy", Economic Inquiry, 49(1), 246-263.
    • (2011) Economic Inquiry , vol.49 , Issue.1 , pp. 246-263
    • Brady, R.R.1
  • 11
    • 77952750052 scopus 로고    scopus 로고
    • Competing explanations of U. S. defense industry consolidation in the 1990s and their policy implications
    • Brady, Ryan, R., and Victoria A. Greenfield (2010) "Competing Explanations of U. S. Defense Industry Consolidation in the 1990s and Their Policy Implications", Contemporary Economic Policy, 28, (2), 288-306.
    • (2010) Contemporary Economic Policy , vol.28 , Issue.2 , pp. 288-306
    • Brady, R.R.1    Greenfield, V.A.2
  • 12
    • 34247117773 scopus 로고    scopus 로고
    • How do house prices affect consumption? Evidence from micro data
    • Campbell, John Y., and Joao F. Cocco, (2007) "How do house prices affect consumption? Evidence from micro data", Journal of Monetary Economics, 54, 591-621.
    • (2007) Journal of Monetary Economics , vol.54 , pp. 591-621
    • Campbell, J.Y.1    Cocco, J.F.2
  • 14
    • 0026482656 scopus 로고
    • The real estate cycle and the economy: Consequences of the massachusetts boom of 1984-87
    • Case, Karl, E., (1992) "The Real Estate Cycle and the Economy: Consequences of the Massachusetts Boom of 1984-87", Urban Studies, 29(2), 171-183.
    • (1992) Urban Studies , vol.29 , Issue.2 , pp. 171-183
    • Case, K.E.1
  • 15
    • 21244446232 scopus 로고    scopus 로고
    • Comparing wealth effects: The stock market versus the housing market
    • Berkeley Electronic Press
    • Case, Karl, Quigley, John, and Robert Shiller, (2005) "Comparing Wealth Effects: The Stock Market versus the Housing Market", Advances in Macroeconomics, Berkeley Electronic Press, vol. 5(1), 1235-1235.
    • (2005) Advances in Macroeconomics , vol.5 , Issue.1 , pp. 1235-1235
    • Case, K.1    Quigley, J.2    Shiller, R.3
  • 17
    • 0034362656 scopus 로고    scopus 로고
    • How accurate are confidence intervals for impulse responses in large VAR models?
    • Chang, Pao-Li, and Lutz Killian (2000) "How accurate are confidence intervals for impulse responses in large VAR models?" Economic Letters, 69, 299-307.
    • (2000) Economic Letters , vol.69 , pp. 299-307
    • Chang, P.-L.1    Killian, L.2
  • 18
    • 41049096428 scopus 로고    scopus 로고
    • Assessing the sources of changes in the volatility of real growth
    • eds. Christopher Kent and David Norman, Reserve Bank of Australia
    • Cecchetti, S. G., Flores-Lagunes, A. and Krause, S. (2005) "Assessing the sources of changes in the volatility of real growth", in The Changing Nature of the Business Cycle, eds. Christopher Kent and David Norman, Reserve Bank of Australia, 115-138.
    • (2005) The Changing Nature of the Business Cycle , pp. 115-138
    • Cecchetti, S.G.1    Flores-Lagunes, A.2    Krause, S.3
  • 19
    • 70449089152 scopus 로고    scopus 로고
    • Monetary policy shocks: What have we learned and to what end?
    • editors Michael Woodford and John Taylor, Amsterdam; New York and Oxford: Elsevier Science, North Holland
    • Christiano, L., M. Eichenbaum, and C. Evans (1999) "Monetary Policy Shocks: What Have We Learned and To What End?", Handbook of Macroeconomics, vol 1 A, editors Michael Woodford and John Taylor, Amsterdam; New York and Oxford: Elsevier Science, North Holland.
    • (1999) Handbook of Macroeconomics , vol.1 A
    • Christiano, L.1    Eichenbaum, M.2    Evans, C.3
  • 20
    • 84954974222 scopus 로고
    • Permanent and transitory components of GDP and stock prices
    • February
    • Cochrane, J. (1994) "Permanent and Transitory Components of GDP and Stock Prices", Quarterly Journal of Economics, February, 109(1), 241-265.
    • (1994) Quarterly Journal of Economics , vol.109 , Issue.1 , pp. 241-265
    • Cochrane, J.1
  • 21
    • 57349196456 scopus 로고    scopus 로고
    • Interpreting the great moderation: Changes in the volatility of economic activity at the macro and micro levels
    • Fall
    • Davis, S. J., and J. A. Kahn (2008) "Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels", Journal of Economic Perspectives, 22, 4(Fall), 155-80.
    • (2008) Journal of Economic Perspectives , vol.22 , Issue.4 , pp. 155-180
    • Davis, S.J.1    Kahn, J.A.2
  • 22
    • 33646566517 scopus 로고    scopus 로고
    • A simple test of friedman's permanent income hypothesis
    • DeJuan, J. and J. Seater (2006) "A Simple Test of Friedman's Permanent Income Hypothesis", Economica, 73, 27-46.
    • (2006) Economica , vol.73 , pp. 27-46
    • DeJuan, J.1    Seater, J.2
  • 23
    • 75449097654 scopus 로고    scopus 로고
    • Decomposing consumer wealth effects: Evidence on the role of real estate assets following the wealth cycle of 1990-2002
    • Topics, Article 25
    • Donihue, Michael, and Andriy Avramenko (2007) "Decomposing Consumer Wealth Effects: Evidence on the Role of Real Estate Assets Following the Wealth Cycle of 1990-2002", The B. E. Journal of Macroeconomics, 7, 1(Topics), Article 25.
    • (2007) The B. E. Journal of Macroeconomics , vol.7 , Issue.1
    • Donihue, M.1    Avramenko, A.2
  • 24
    • 31344441352 scopus 로고    scopus 로고
    • Can financial innovation help to explain the reduced volatility of economic activity?
    • DOI 10.1016/j.jmoneco.2005.10.012, PII S0304393205001455
    • Dynan, Karen, E., D. W. Elemdorf, and D. E. Sichel (2006) "Can Financial Innovation help explain the reduced Volatility of Economic Activity?" Journal of Monetary Economics, 53, 123-50. (Pubitemid 43137885)
    • (2006) Journal of Monetary Economics , vol.53 , Issue.1 , pp. 123-150
    • Dynan, K.E.1    Elmendorf, D.W.2    Sichel, D.E.3
  • 26
    • 0000373931 scopus 로고    scopus 로고
    • Consumption, down payments, and liquidity constraints
    • Engelhardt, Gary V. (1996a) "Consumption, Down Payments, and Liquidity Constraints", Journal of Money, Credit and Banking, Vol. 28(2), 255-271. (Pubitemid 126315039)
    • (1996) Journal of Money, Credit and Banking , vol.28 , Issue.2 , pp. 255-271
    • Engelhardt, G.V.1
  • 27
    • 0001070312 scopus 로고    scopus 로고
    • House prices and home owner saving behavior
    • Engelhardt, Gary V. (1996b) "House prices and home owner saving behavior", Regional Science and Urban Economics, 26, 313-336. (Pubitemid 126376527)
    • (1996) Regional Science and Urban Economics , vol.26 , Issue.3-4 , pp. 313-336
    • Engelhardt, G.V.1
  • 29
    • 38249017010 scopus 로고
    • Finite horizons, life-cycle savings, and time series evidence on consumption
    • Galí, J. (1990) "Finite horizons, Life-Cycle Savings, and Time Series Evidence on Consumption", Journal of Monetary Economics, 26, 433-452.
    • (1990) Journal of Monetary Economics , vol.26 , pp. 433-452
    • Galí, J.1
  • 32
    • 0005805349 scopus 로고    scopus 로고
    • The impact of demographics on housing and nonhousing wealth in the United States
    • eds., The Economic Effects of Aging in the United States and Japan, Chicago: University of Chicago Press for NBER
    • Hoynes, Hilary W. and Daniel L. McFadden (1997) "The Impact of Demographics on Housing and Nonhousing Wealth in the United States", in Michael D. Hurd and Yashiro Naohiro, eds., The Economic Effects of Aging in the United States and Japan, Chicago: University of Chicago Press for NBER, 153-194.
    • (1997) Michael D. Hurd and Yashiro Naohiro , pp. 153-194
    • Hoynes, H.W.1    McFadden, D.L.2
  • 34
    • 20444410849 scopus 로고    scopus 로고
    • Estimation and inference of impulse responses by local projections
    • DOI 10.1257/0002828053828518
    • Jordà, Oscar (2005) "Estimation and Inferences of Impulse Responses by Local Projections", American Economic Review, 95(1), 161-182. (Pubitemid 40801719)
    • (2005) American Economic Review , vol.95 , Issue.1 , pp. 161-182
    • Jorda, O.1
  • 35
    • 70349210711 scopus 로고    scopus 로고
    • Simultaneous confidence regions for impulse responses
    • Jordà, Oscar (2009) "Simultaneous Confidence Regions for Impulse Responses", The Review of Economics and Statistics, 91(3), 629-647.
    • (2009) The Review of Economics and Statistics , vol.91 , Issue.3 , pp. 629-647
    • Jordà, O.1
  • 36
    • 0000591512 scopus 로고    scopus 로고
    • The measurement and structure of household wealth
    • Juster, Thomas, James P. Smith, and Frank Stafford (1999) "The measurement and structure of household wealth", Labour Economics, 6, 253-275.
    • (1999) Labour Economics , vol.6 , pp. 253-275
    • Juster, T.1    Smith, J.P.2    Stafford, F.3
  • 37
    • 0039460170 scopus 로고    scopus 로고
    • Retrospective reporting of household wealth: Evidence from the 1983-1989 survey of consumer finances
    • Kennickell, Arthur B., and Martha Starr-McCluer (1997) "Retrospective Reporting of Household Wealth: Evidence from the 1983-89 Survey of Consumer Finances", Journal of Business and Economic Statistics, 15, 452-63. (Pubitemid 127347694)
    • (1997) Journal of Business and Economic Statistics , vol.15 , Issue.4 , pp. 452-463
    • Kennickell, A.B.1    Starr-McCluer, M.2
  • 38
    • 0012462939 scopus 로고    scopus 로고
    • Consumption, aggregate wealth, and expected stock returns
    • Lettau, M. and S. Ludvigson (2001a) "Consumption, Aggregate Wealth, and Expected Stock Returns", Journal of Finance, June, 56(3), 815-849. (Pubitemid 33581666)
    • (2001) Journal of Finance , vol.56 , Issue.3 , pp. 815-849
    • Lettau, M.1    Ludvigson, S.2
  • 39
    • 0035681734 scopus 로고    scopus 로고
    • Resurrecting the (C)CAPM: A cross-sectional test when risk premia are time-varying
    • DOI 10.1086/323282
    • Lettau, M. and S. Ludvigson (2001b) "Resurrecting the (C) CAPM: A Crosssectional Test When Risk Premia are Time-Varying", Journal of Political Economy, 109, 1238-1287. (Pubitemid 34060644)
    • (2001) Journal of Political Economy , vol.109 , Issue.6 , pp. 1238-1287
    • Lettau, M.1    Ludvigson, S.2
  • 40
    • 2442701486 scopus 로고    scopus 로고
    • Understanding trend and cycle in asset values: Reevaluating the wealth effect on consumption
    • DOI 10.1257/000282804322970805
    • Lettau, M. and S. Ludvigson (2004) "Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption", American Economic Review, March, 94(2), 276-299. (Pubitemid 38671024)
    • (2004) American Economic Review , vol.94 , Issue.1 , pp. 276-299
    • Lettau, M.1    Ludvigson, S.C.2
  • 41
    • 0033422227 scopus 로고    scopus 로고
    • Consumption and credit: A model of time-varying liquidity constraints
    • Ludvigson, S. (1999) "Consumption and Credit: A Model of Time-Varying Liquidity Constraints", The Review of Economics and Statistics, 81(3), 434-447.
    • (1999) The Review of Economics and Statistics , vol.81 , Issue.3 , pp. 434-447
    • Ludvigson, S.1
  • 42
    • 0002231852 scopus 로고    scopus 로고
    • How important is the stock market effect on consumption?
    • July
    • Ludvigson, S. and C. Steindel (1999) "How Important is the Stock Market Effect on Consumption?" FRBNY Economic Policy Review, July, 5(2), 29-51.
    • (1999) FRBNY Economic Policy Review , vol.5 , Issue.2 , pp. 29-51
    • Ludvigson, S.1    Steindel, C.2
  • 43
    • 15044347526 scopus 로고    scopus 로고
    • The relationship between stock prices, house prices and consumption in oecd countries
    • Ludwig, Alexander, and Torsten Sløk (2004), "The Relationship between Stock Prices, House Prices and Consumption in OECD Countries", Topics in Macroeconomics, 4(1), 1-26.
    • (2004) Topics in Macroeconomics , vol.4 , Issue.1 , pp. 1-26
    • Ludwig, A.1    Sløk, T.2
  • 44
    • 80052540458 scopus 로고    scopus 로고
    • Estimating the European Union consumption function under the permanent income hypothesis
    • Manitsaris, A. (2006) "Estimating the European Union Consumption Function Under the Permanent Income Hypothesis", International Research Journal of Finance and Economics, 2, 131-135.
    • (2006) International Research Journal of Finance and Economics , vol.2 , pp. 131-135
    • Manitsaris, A.1
  • 45
    • 0002874783 scopus 로고
    • The consumption of stockholders and nonstockholders
    • Mankiw, N. Gregory and Steven Zeldes (1991) "The Consumption of Stockholders and Nonstockholders", Journal of Financial Economics. 29(1), 97-112.
    • (1991) Journal of Financial Economics , vol.29 , Issue.1 , pp. 97-112
    • Mankiw, N.G.1    Zeldes, S.2
  • 46
    • 34247503815 scopus 로고    scopus 로고
    • Inventory dynamics and business cycles: What has changed?
    • McCarthy, J., and E. Zakrajsek (2007) "Inventory Dynamics and Business Cycles: What has changed?" Journal of Money, Credit and Banking, 39(2-3), 591-613.
    • (2007) Journal of Money, Credit and Banking , vol.39 , Issue.2-3 , pp. 591-613
    • McCarthy, J.1    Zakrajsek, E.2
  • 47
    • 0000118629 scopus 로고    scopus 로고
    • Output fluctuations in the United States: What has changed since the early 1980's
    • McConnell, M. M., and G. Perez-Quiros (1999) "Output Fluctuations in the United States: What has Changed since the Early 1980's", American Economic Review, 90(5), 1464-76.
    • (1999) American Economic Review , vol.90 , Issue.5 , pp. 1464-1476
    • McConnell, M.M.1    Perez-Quiros, G.2
  • 48
    • 34247547535 scopus 로고    scopus 로고
    • The slow adjustment of aggregate consumption to permanent income
    • March-April
    • Morley, J. C. (2007) "The Slow Adjustment of Aggregate Consumption to Permanent Income", Journal of Money, Credit, and Banking, March-April, 39(3), 615-638.
    • (2007) Journal of Money, Credit, and Banking , vol.39 , Issue.3 , pp. 615-638
    • Morley, J.C.1
  • 49
    • 47049110931 scopus 로고    scopus 로고
    • Housing, Housing Finance, and Monetary Policy, A Symposium Sponsored by the Federal Reserve of Kansas City, Jackson Hole, Wyoming, August-September
    • Muellbauer, J. (2007) "Housing, Credit, and Consumer Expenditure", in Housing, Housing Finance, and Monetary Policy, A Symposium Sponsored by the Federal Reserve of Kansas City, Jackson Hole, Wyoming, August-September, 267-334.
    • (2007) Housing, Credit, and Consumer Expenditure , pp. 267-334
    • Muellbauer, J.1
  • 50
    • 33750454382 scopus 로고    scopus 로고
    • Dealing with structural breaks
    • K. Patterson and T. C. Mills eds., Palgrave Macmillan
    • Perron, Pierre, (2006) "Dealing with Structural Breaks", in Palgrave Handbook of Econometrics, Vol. 1: Econometric Theory, K. Patterson and T. C. Mills (eds.), Palgrave Macmillan, 278-352.
    • (2006) Palgrave Handbook of Econometrics, Vol. 1: Econometric Theory , pp. 278-352
    • Perron, P.1
  • 51
    • 30744457305 scopus 로고    scopus 로고
    • On the relationships between real consumption, income, and wealth
    • DOI 10.1198/073500105000000225
    • Palumbo, Michael, Rudd, Jeremy, and Karl Whelan (2006) "On the Relationships Between Real Consumption, Income, and Wealth", Journal of Business and Economic Statistics, 24(1), 1-11. (Pubitemid 43098139)
    • (2006) Journal of Business and Economic Statistics , vol.24 , Issue.1 , pp. 1-11
    • Palumbo, M.1    Rudd, J.2    Whelan, K.3
  • 52
    • 0008460891 scopus 로고    scopus 로고
    • Individual financial decisions in retirement saving plans and the provision of resources for retirement
    • M. Feldstein, ed. Chicago: University of Chicago Press
    • Poterba, James and David Wise (1998) "Individual Financial Decisions in Retirement Saving Plans and the Provision of Resources for Retirement", in Privatizing Social Security. M. Feldstein, ed. Chicago: University of Chicago Press, 363-93.
    • (1998) Privatizing Social Security , pp. 363-393
    • Poterba, J.1    Wise, D.2
  • 53
    • 0001960232 scopus 로고    scopus 로고
    • Stock market wealth and consumption
    • Spring
    • Poterba, James, M. (2000) "Stock Market Wealth and Consumption", Journal of Economic Perspectives, 14, 2(Spring), 99-118.
    • (2000) Journal of Economic Perspectives , vol.14 , Issue.2 , pp. 99-118
    • Poterba, J.M.1
  • 54
    • 30944436040 scopus 로고    scopus 로고
    • Empirical proxies for the consumption-wealth ratio
    • DOI 10.1016/j.red.2005.08.003, PII S1094202505000591
    • Rudd, Jeremy, and Karl Whelan (2006) "Empirical proxies for the consumption-wealth ratio", Review of Economic Dynamics, 9(1), 34-51. (Pubitemid 43115598)
    • (2006) Review of Economic Dynamics , vol.9 , Issue.1 , pp. 34-51
    • Rudd, J.1    Whelan, K.2
  • 56
    • 0002566032 scopus 로고
    • Housing prices and the savings of renters
    • Sheiner, Louise (1995) "Housing Prices and the Savings of Renters", Journal of Urban Economics, 38, 94-125.
    • (1995) Journal of Urban Economics , vol.38 , pp. 94-125
    • Sheiner, L.1
  • 58
    • 80052544176 scopus 로고    scopus 로고
    • A statistical analysis of NFL quarterback rating variables
    • article 1
    • Stimel, Derek (2009) "A Statistical Analysis of NFL Quarterback Rating Variables", Journal of Quantitative Analysis in Sports, 5, (2), article 1.
    • (2009) Journal of Quantitative Analysis in Sports , vol.5 , Issue.2
    • Stimel, D.1
  • 61
    • 0000396047 scopus 로고    scopus 로고
    • Saving, fungibility and mental accounts
    • Thaler, Richard H. (1998) "Saving, Fungibility and Mental Accounts", Journal of Economic Perspectives, 4, 193-205.
    • (1998) Journal of Economic Perspectives , vol.4 , pp. 193-205
    • Thaler, R.H.1
  • 62
    • 0035607813 scopus 로고    scopus 로고
    • Structural breaks, incomplete information, and stock prices
    • Timmerman, A. (2001) "Structural Breaks, Incomplete Information, and Stock Prices", Journal of Business and Economic Statistics, 299-315.
    • (2001) Journal of Business and Economic Statistics , pp. 299-315
    • Timmerman, A.1
  • 63
    • 33847362722 scopus 로고    scopus 로고
    • Estimating and testing structural changes in multivariate regressions
    • March
    • Qu, Z. and P. Perron (2007) "Estimating and Testing Structural Changes in Multivariate Regressions", Econometrica, March, 2, 459-502.
    • (2007) Econometrica , vol.2 , pp. 459-502
    • Qu, Z.1    Perron, P.2
  • 64
    • 80052547926 scopus 로고    scopus 로고
    • Bubbles and busts: The 1990s in the Mirror of the 1920s
    • March
    • White, Eugene N. (2006) "Bubbles and Busts: The 1990s in the Mirror of the 1920s", NBER Working Paper No. 12138 (March).
    • (2006) NBER Working Paper No. 12138
    • White, E.N.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.