Macroeconomic data is nonstationary; normally economists filter macro time series to induce stationarity. I conjecture that using nonstationary data can improve modelling. Working with nonstationary data causes mathematical and computational problems.
Start date:October 2011
Research Topic:DSGE models with nonstationary data
Research Supervisor:Professor Patrick Minford
Supervising school:Cardiff Business School, Cardiff University
Primary funding source:ESRC Studentship