Unit roots in real GNP: Do we know, and do we care?

Lawrence J. Christiano*, Martin Eichenbaum

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

136 Scopus citations
Original languageEnglish (US)
Pages (from-to)7-61
Number of pages55
JournalCarnegie-Rochester Confer. Series on Public Policy
Volume32
Issue numberC
DOIs
StatePublished - 1990

Funding

*We are grateful to Christopher Sims for criticisms and suggestions which led to substantial improvements on an earlier draft of this paper. We also thank David Backus, R. Anton Braun, John Campbel I, John Cochrane. Pierre Perron, Danny Quah, James Stock, Mark Watson, and Ken West for their cannents. We are indebted to Kathy Rolfe for exceptional editorial assistance. This research was supported in part by a grant fran the National Science Foundation. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis, the Federa I Reserve Bank of Chicago, or the Federal Reserve System.

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