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- W2056193259 abstract "The conventional testing procedure may mislead one into accepting the null of no cointegration or the null of a cointegrating rank smaller than the true rank when there is a trend-break under the alternative hypothesis. This paper proposes tests for cointegrating rank that have power against the trend-break alternative. The proposed tests are applied to the US money demand function. The results support the Campbell–Perron conjecture: money, income and interest rates are cointegrated around a broken trend." @default.
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- W2056193259 date "1999-06-01" @default.
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- W2056193259 title "Tests of cointegrating rank with a trend-break" @default.
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- W2056193259 doi "https://doi.org/10.1016/s0304-4076(98)00042-6" @default.
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