concerning whether the series being examined is I(0) or I(1), so that a sort of circular testing problem exists. In this paper … circular testing problem that arises when choosing data transformation and the order of integratedness. In particular, we …-levels specifications in the presence of deterministic and/or stochastic trends. Second, we note that even if pre-testing is not undertaken …

in the theory of the bootstrap, Kolmogorov type testing, and other work on the evaluation of DSGEs, aimed at comparing … illustrative examples are also given, in which the testing approach is applied to different real business cycle models. It is shown …

tests usually leads to sequential testing bias, which in turn leads to jump discovery with probability one, in the limit … long-span asymptotics, which solve both the test consistency and the sequential testing bias problems discussed above, in …

in the theory of the bootstrap, Kolmogorov type testing, and other work on the evaluation of DSGEs, aimed at comparing … illustrative example is also given, in which the testing approach is applied to a real business cycle model. It is shown that …

concerning whether the series being examined is I(0) or I(1), so that a sort of circular testing problem exists. In this paper … circular testing problem that arises when choosing data transformation and order of integratedness. In particular, we propose a … the presence of deterministic and/or stochastic trends. Second, we note that even if pre-testing is not undertaken to …

consistent estimators of "true" factors. Hence, various recent research papers in the diffusion index literature focus on testing … illustration by testing for the structural stability of factor augmented forecasting models for 11 U.S. macroeconomic indicators. …