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  • Electronic Resource  (3)
  • 1995-1999  (3)
  • 1975-1979
  • encompassing  (3)
  • 1
    Electronic Resource
    Electronic Resource
    Encompassing and rational expectations: How sequential corroboration can imply refutation (1999)
    Springer
    Empirical economics 24 (1999), S. 1-21 
    Details
    ISSN: 1435-8921
    Keywords: Key words: Conditional models ; congruence ; corroboration ; encompassing ; feedback ; feedforward ; Lucas critique ; rational expectations ; refutation ; statistical inference ; JEL classifications: C52 ; E13
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. Even though pieces of empirical evidence individually may corroborate an economic theory, their joint existence may refute that same theory. Testing of rational expectations models provides a concrete illustration of this principle. Surprisingly, empirical refutation of a rational expectations model may occur without having to estimate that model, and the refutation may be for a large class of expectations-based models and not just for a particular model specification. Narrow money demand in the United Kingdom illustrates such refutation. The general proposition concerning corroboration and refutation strongly favors the building of empirical models that are consistent with all available evidence.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/s001810050041
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    Paper (German National Licenses)
    Fulltext
  • 2
    Electronic Resource
    Electronic Resource
    Friedman and Schwartz (1982) revisited: Assessing annual and phase-average models of money demand in the United Kingdom (1998)
    Springer
    Empirical economics 23 (1998), S. 401-415 
    Details
    ISSN: 1435-8921
    Keywords: Key words: constancy ; encompassing ; Friedman and Schwartz ; money demand ; phase averaging ; JEL classification: E41 ; C52
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract: Several studies have developed empirical models of U.K. money demand using the century of annual and phase-average data in Friedman and Schwartz (1982). The current paper evaluates key models from those studies, employing tests of constancy and encompassing. The evidence strongly favors an annual model from Ericsson, Hendry, and Prestwich (1998a), whereas models based on the phase-average data fare poorly.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01294415
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
  • 3
    Electronic Resource
    Electronic Resource
    Friedman and Schwartz (1982) revisited: Assessing annual and phase-average models of money demand in the United Kingdom (1998)
    Springer
    Empirical economics 23 (1998), S. 401-415 
    Details
    ISSN: 1435-8921
    Keywords: constancy ; encompassing ; Friedman and Schwartz ; money demand ; phase averaging ; E41 ; C52
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Several studies have developed empirical models of U.K. mondy demand using the century of annual and phase-average data in Friedman and Schwartz (1982). The current paper evaluates key models from those studies, employing tests of constancy and encompassing. The evidence strongly favors an annual model from Ericsson, Hendry, and Prestwich (1998a), whereas models based on the phase-average data fare poorly.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01294415
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
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