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Persistent link: https://www.econbiz.de/10001726438
This paper is a comment on P.C.B. Phillips, “To criticise the critics: an objective Bayesian analysis of stochastic trends” [Phillips (1990)]. Departing from the likelihood of an univariate autoregressive model different routes that lead to a posterior odds analysis of the unit root...
Persistent link: https://www.econbiz.de/10005372852