Structural Stability and Models of the Business Cycle

James Stock

De Economist, 2004, vol. 152, issue 2, 197-209

Abstract: Ever since the pioneering work of Jan Tinbergen, econometric modelers have been aware of the danger that their models can be unstable over time and across policy environments. Work over the past fifteen years has produced a set of statistical procedures for identifying and modeling structural instability. This essay summarizes some of those procedures, uses them to discuss changes in the U.S. business cycle over the past four decades, and surveys some new research that tackles the widespread challenge of structural instability.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://journals.kluweronline.com/issn/0013-063X/contents (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:decono:v:152:y:2004:i:2:p:197-209

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10645/PS2

Access Statistics for this article

De Economist is currently edited by Rob Alessie, Bas ter Weel, Casper van Ewijk, Jan C. van Ours and Frank de Jong

More articles in De Economist from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().