Back to the future: generating moment implications for continuous-time Markov processes.

Continuous-time Markov processes can be characterized conveniently by their infinitesimal generators. For such processes there exist forward and reverse-time generators. We show how to use these generators to construct moment conditions implied by stationary Markov processes. Generalized method o...

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Detalles Bibliográficos
Publicado en:Econometrica Vol. 63; pp. 767 - 805
Autores principales: Hansen, Lars Peter, Scheinkman, José Alexandre
Formato: Artículo
Publicado: Wiley-Blackwell July 1995
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Back to the future: generating moment implications for continuous-time Markov processes.
      aug:
        au:
          Hansen, Lars Peter
          Scheinkman, José Alexandre
      su:
        Markov processes
        Moments method (Statistics)
        Time series analysis
        Interval analysis
      sug:
        subj:
          Markov processes
          Moments method (Statistics)
          Time series analysis
          Interval analysis
      ab: Continuous-time Markov processes can be characterized conveniently by their infinitesimal generators. For such processes there exist forward and reverse-time generators. We show how to use these generators to construct moment conditions implied by stationary Markov processes. Generalized method of moments estimators and tests can be constructed using these moment conditions. The resulting econometric methods are designed to be applied to discrete-time data obtained by sampling continuous-time Markov processes. Reprinted by permission of the Econometric Society.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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