000			02008cam a22003257 4500
001			t0079
003			NBER
005			20211020114819.0
006			m o d
007			cr cnu||||||||
008			210910s1989 mau fo 000 0 eng d
100	1		_aAndrews, Donald W.K. _931677
245	1	0	_aEstimation of Polynomial Distributed Lags and Leads with End Point Constraints / _cDonald W.K. Andrews, Ray C. Fair.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1989.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER technical working paper series _vno. t0079
500			_aOctober 1989.
520	3		_aThis paper considers the use of the polynomial distributed lag (PDL) technique when the lag length is estimated rather than fixed. We focus on the case where the degree of the polynomial is fixed, the polynomial is constrained to be zero at a certain lag length q, and q is estimated along with the other parameters. We extend the traditional PDL setup by allowing q to be real-valued rather than integer-valued, and we derive the asymptotic covariance matrix of all the parameter estimates, including the estimate of q. The paper also considers the estimation of distributed leads rather than lags, a case that can arise if expectations are assumed to be rational.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aC - Mathematical and Quantitative Methods _2Journal of Economic Literature class.
700	1		_aFair, Ray C. _910147
710	2		_aNational Bureau of Economic Research.
830		0	_aTechnical Working Paper Series (National Bureau of Economic Research) _vno. t0079.
856	4	0	_uhttps://www.nber.org/papers/t0079
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/t0079
942			_2ddc _cW-PAPER
999			_c345392 _d303954