On the constancy of time-series econometric equations
Parameter constancy is a fundamental requirement for empirical models to be useful for forecasting, analysing economic policy, or testing economic theories. However, there are surprises in defining a constant-parameter model, such that models with time-varying coefficients, and expansion of the para...
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| Format: | Journal article |
| Langue: | English |
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Economic & Social Research Institute
1996
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