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Explosive Roots 1

By Peter C. B. Phillips, Tassos Magdalinos, Peter C. B. Phillips, Tassos Magdalinos and Granger Centre


1This paper was inspired by reading Nielsen (2009). We thank two referees and the CoEditor for helpful comments on the original version. Magdalinos thanks the Cowles Foundation, Yale University, for hospitality in the Fall of 2009 when the paper was …rs

Topics: Co-explosive behavior, Common roots, Endogeneity, Forward instrumentation, Geometric multiplicity, Reverse martingale
Year: 2010
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