Persistence in Economic Time Series: Interpretation, Measurement and Inference

  • Martin, Gael (Primary Chief Investigator (PCI))
  • Harris, David (Chief Investigator (CI))

Project: Research

Project Details

Project Description

An economic time series is said to be persistent if shocks to the series have a permanent effect. Accurate and unambiguous inferences regarding persistence are crucial to an understanding of the response of the variable to shocks, in particular to policy-induced shocks. In this project we will explore new ways of interpreting, measuring and conducting inference on persistence. The aim is to produce significant theoretical and methodological advances which, when applied to empirical problems, will enable reliable conclusions to be drawn regarding the propagation of shocks and, hence, the likely impact of interventionist government policies.
StatusFinished
Effective start/end date1/01/0230/06/05

Funding

  • Australian Research Council (ARC): AUD75,000.00
  • Monash University