Abstract

Barnett and Chen [4–6] have displayed evidence of chaos in certain monetary aggregates, but the tests have unknown statistical sampling properties. Using monthly growth rates in monetary aggregates, we conduct bispectral tests for nonlinearity. Our tests have known sampling properties, and we find deep nonlinearity in some monetary aggregate series.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.