A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts

Lawrence J. Christiano*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

10 Scopus citations

Abstract

This paper describes and implements a procedure for estimating the timing interval in any linear econometric model. The procedure is applied to Taylor's model of staggered contracts using annual averaged price and output data. The fit of the version of Taylor's model with serially uncorrelated disturbances improves as the timing interval of the model is reduced.

Original languageEnglish (US)
Pages (from-to)363-404
Number of pages42
JournalJournal of Economic Dynamics and Control
Volume9
Issue number4
DOIs
StatePublished - Dec 1985

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

Fingerprint Dive into the research topics of 'A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts'. Together they form a unique fingerprint.

Cite this