DATA REDUCTION BY THE HAAR FUNCTION: A CASE STUDY OF THE PHILLIPS CURVE

The unorthodox estimation procedure, which Phillips (1958) adopted in his original paper, is examined using the Haar wavelet filter. The application of the Haar wavelet transform to Phillips’ original data shows that Phillips’ six pairs of mean coordinates display a striking similarity with the Haar...

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Veröffentlicht in:	Macroeconomic dynamics 2022-12, Vol.26 (8), p.2086-2103
Hauptverfasser:	Gallegati, Marco, Desai, Meghnad, Ramsey, James B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Case studies Control theory Data compression Economic conditions Macroeconomics Phillips curve Statistical significance Time series Unemployment Wages & salaries Wavelet transforms
Online-Zugang:	Volltext
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