This paper considers econometric issues related to time series data that have been subject to abrupt governmental interventions. The motivating example for this study is the Brazilian monthly inflation and interest rate series (1974:1- 1994:6) which we use throughout for illustration. These...

While the development of scientific theories and measurement concepts has always been strongly intertwined, model-based measurements, specified as parameters in a statistical model, have been receiving increasing attention over the last decades. In this paper, we analyze the ontological and...