Multi-country tests for the oscillator model with slowly varying coefficients
Year: 1996
Type: article
Abstract: This paper applies Ramsey's (1992) forced oscillator model discovered with US data to Canada, Japan, UK, Belgium, France, Germany, and Italy. We also examine the aggregate production index for consumer goods in the US. Thus, the model is applied to and the results checked against data that were not involved in the discovery of the model in the original paper. The adequacy of the model is evaluated and international comparisons are made. The similarity of the estimates for all of the data sets examined suggest that the model may be widely applicable for consumer goods production indices, although France and Italy provide partial exceptions to this statement.
Authors: James B. Ramsey, Sean Keenan
Institution: New York University
Language: English
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,180
OpenAlex ID: W1983237371