In this paper we consider the estimation of a model with time varying structure. The parameters of the model are assumed to be subject to permanent and transitory changes over time. Estimation methods are developed, and the asymptotic properties of the estimates are derived.
MLA
Prescott, Edward C., and Thomas F. Cooley. “Estimation in the Presence of Stochastic Parameter Variation.” Econometrica, vol. 44, .no 1, Econometric Society, 1976, pp. 167-184, https://www.jstor.org/stable/1911389
Chicago
Prescott, Edward C., and Thomas F. Cooley. “Estimation in the Presence of Stochastic Parameter Variation.” Econometrica, 44, .no 1, (Econometric Society: 1976), 167-184. https://www.jstor.org/stable/1911389
APA
Prescott, E. C., & Cooley, T. F. (1976). Estimation in the Presence of Stochastic Parameter Variation. Econometrica, 44(1), 167-184. https://www.jstor.org/stable/1911389
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