LONG-RUN COVARIANCE MATRICES FOR FRACTIONALLY INTEGRATED PROCESSES

B-Tier
Journal: Econometric Theory
Year: 2007
Volume: 23
Issue: 6
Pages: 1233-1247

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

An asymptotic expansion is given for the autocovariance matrix of a vector of stationary long-memory processes with memory parameters d ∈ [0,½). The theory is then applied to deliver formulas for the long-run covariance matrices of multivariate time series with long memory.Phillips acknowledges partial support from a Kelly Fellowship and from the NSF under grant SES 04-142254. This may be proved directly using a Fourier integral asymptotic expansion when the spectrum of the short-memory component is analytic.

Technical Details

RePEc Handle
repec:cup:etheor:v:23:y:2007:i:06:p:1233-1247_07
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-25