Essays in Econometrics and Macroeconomics
This dissertation consists of three essays on topics in econometrics and macroeconomics. The first essay, Trends versus Random Walks in Time Series Analysis explores issues in discriminating between nonergodic time series and stationary time series with deterministic trends. The impact of spurious d...
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| Format: | Thesis Electronic Book |
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1986
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| Summary: | This dissertation consists of three essays on topics in econometrics and macroeconomics. The first essay, Trends versus Random Walks in Time Series Analysis explores issues in discriminating between nonergodic time series and stationary time series with deterministic trends. The impact of spurious detrending of nonergodic time series on statistical inference is also explored. The second essay, Multisector Multiplier Theory analyzes the impact of changes in government spending on a multiple commodity macroeconomic equilibrium. Many of the one commodity government spending multiplier results are shown not to generalize to many sectors. The third essay, Output, Inflation and Anticipated Monetary Policy: An Integrated Framework critiques current procedures for testing for the neutrality of monetary policy. Expansion of the set of competing macroeconomic models beyond the set conventionally analyzed in money neutrality tests leads to rejection of the neutrality hypothesis |
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| Item Description: | Source: Dissertation Abstracts International, Volume: 48-10, Section: A, page: 2698 |
| Physical Description: | 1 online resource (201 p.) |
| Access: | Access is restricted by licensing agreement |