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Time Series Analysis of Macroeconomic Conditions in Open Economies

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  • Barja, Gover

Abstract

Three macroeconomic issues are examined in separate self-contained studies. The novelty is in the combination of time domain time series methods with bootstrap techniques. The combined technique is here used to analyze issues where accuracy in inference, rather than the lack of theory, has increasingly become the central concern. The first study tests the business cycle theory with application of an enhanced ADF test on the U.S. time series of real GNP (Bootstrapping for Unit Roots). The second study tests for IS-LM conditions in the U.S. during the post-Bretton Woods era by combining the Johansen's approach to cointegration with bootstrap algorithms (A Bootstrap Evaluation of Cointegration). The third study seeks to explain the observed persistence in the Bolivian dollarization process where model parameters of the Johansen’s approach to cointegration are also evaluated via a nonparametric bootstrap.

Suggested Citation

  • Barja, Gover, 1995. "Time Series Analysis of Macroeconomic Conditions in Open Economies," MPRA Paper 62178, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:62178
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    File URL: https://mpra.ub.uni-muenchen.de/62178/1/MPRA_paper_62178.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Bootstrapping; Cointegration; OPen economy macroeconomics;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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