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EconWPA
International Labour Organization (ILO), United Nations
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An Empirical Analysis of Permanent Income Hypothesis Applied to Italy using State Space Models with non zero correlation between
trend
and cycle
Corradini, Riccardo
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EconWPA
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2005
This article explores by an econometric approach the permanent income hypothesis. The classical cointegration analysis applied by Cochrane and the Kalman filter technology with correlated error components are used. The latter approach compared with the former reveals a clear rejection of PIH for...
Persistent link: https://www.econbiz.de/10005407948
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Extraction of Common Signal from Series with Different Frequency
Otranto, Edoardo
-
EconWPA
-
2005
the well known
trend
plus cycle model, in a multivariate context, using both quarterly and monthly data. This procedure is …
Persistent link: https://www.econbiz.de/10005407970
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