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Current Research

 

Published Articles

Spurious Inference in the GARCH(1,1) Model When It Is Weakly Identified, with Charles R. Nelson, Richard Startz, Studies in Nonlinear Dynamics & Econometrics, Vol. 11 (2007), No. 1, Article 1.

The Characteristics of 'Club Convergence' of China's Economic Growth and Its Causes, with Kunrong Shen, Economic Research Journal (in Chinese), 2002, No.1, 33-9.

 

Working Papers

Consumption Persistence and the Equity Premium Puzzle: New Evidence Based on Improved Inference. submitted

Valid Inference for a Class of Models Where Standard Inference Performs Poorly; Including Nonlinear Regression, ARMA, GARCH, and Unobserved Components, with Charles R. Nelson. submitted

A Closed-Form Asymptotic Variance-Covariance Matrix for the Quasi Maximum Likelihood Estimator of the GARCH(1,1) Model. submitted

Is There a Structural Break in the Risk Free Interest Rate Dynamics?

 

Manucripts in Preparation

Sources of the Great Moderation: A Time Series Analysis of GDP Subsectors, with Walter Enders.