Estimation of dynamic labor demand schedules under rational expectations
TL;DR: In this paper, a dynamic linear demand schedule for labor is estimated and tested, based on the hypothesis of rational expectations and assumptions about the orders of the Markov processes governing technology.
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Abstract: A dynamic linear demand schedule for labor is estimated and tested. The hypothesis of rational expectations and assumptions about the orders of the Markov processes governing technology impose over...
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Investigating Causal Relations by Econometric Models and Cross-Spectral Methods
TL;DR: In this article, the cross spectrum between two variables can be decomposed into two parts, each relating to a single causal arm of a feedback situation, and measures of causal lag and causal strength can then be constructed.
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