|
EconStor >
Rutgers University >
Department of Economics, Rutgers University >
Working Papers, Department of Economics, Rutgers University >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/59455
|
| | |
| Title: | | Information in the revision process of real-time datasets  |
| Authors: | | Corradi, Valentina Fernandez, Andres Swanson, Norman R. |
| Issue Date: | | 2011 |
| Series/Report no.: | | Working Papers, Department of Economics, Rutgers, the State University of New Jersey 2011,07 |
| Abstract: | | Rationality of early release data is typically tested using linear regressions. Thus, failure to reject the null does not rule out the possibility of nonlinear dependence. This paper proposes two tests that have power against generic nonlinear alternatives. A Monte Carlo study shows that the suggested tests have good finite sample properties.Additionally, we carry out an empirical illustration using a real-time dataset for money, output, and prices. Overall, we find evidence against data rationality for output and prices, but not for money. |
| Subjects: | | bias efficiency generically comprehensive tests rationality preliminary final real-time data |
| JEL: | | C32 C53 E01 E37 E47 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Department of Economics, Rutgers University
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/59455
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|