Building upon the continuous record asymptotic framework recently introduced by Casini and Perron (2020a) for inference in structural change models, we propose a Laplace-based (Quasi-Bayes) procedure construction of estimate confidence set date change. It is defined an integration rather than optimization-based method. A transformation least-squares criterion function evaluated order to derive ...

there is no agreement among different economic schools about role of monetary policy in stabilization policy. new classic by means of rational expectations show that only unanticipated monetary policy influences upon real variables. how ever new keynsian by means of rational expectations shows that anticipated monetary policy influences real ariables too. the present article investigates above ...

This paper introduces various consistent tests for the null hypothesis of stationarity with possibly unknown multiple structural break points against the alternative of nonstationarity that can be applied to multiple as well as univariate time series. These tests can be applied to either partial or pure structural breaks. It is shown that tests for stationarity become divergent when structural ...

Detection of structural change is a critical empirical activity, but continuous ‘monitoring’ of series, for structural changes in real time, raises well-known econometric issues that have been explored in a single series context. If multiple series co-break then it is possible that simultaneous examination of a set of series helps identify changes with higher probability or more rapidly than wh...

The Mre11-Rad50 nuclease-ATPase is an evolutionarily conserved multifunctional DNA double-strand break (DSB) repair factor. Mre11-Rad50's mechanism in the processing, tethering, and signaling of DSBs is unclear, in part because we lack a structural framework for its interaction with DNA in different functional states. We determined the crystal structure of Thermotoga maritima Rad50(NBD) (nucleo...

A systems cointegration rank test is proposed that is applicable for vector autoregressive (VAR) processes with a structural shift at unknown time. The structural shift is modeled as a simple shift in the level of the process. It is proposed to estimate the break date first on the basis of a full unrestricted VAR model. Two alternative estimators are considered and their asymptotic properties a...