James Douglas Hamilton
1 paper in the Anchorcite directory, published in 1989, cited 9,892 times in total.
ORCID profileResearch topics
- Economic theories and models · 1 paper
- Monetary Policy and Economic Impact · 1 paper
- Complex Systems and Time Series Analysis · 1 paper
Papers
- A New Approach to the Economic Analysis of Nonstationary Time Series and the Business CycleEconometrica · 1989 · 9,892 citations
This paper models occasional, discrete shifts in the growth rate of a nonstationary series. Algorithms for inferring these unobserved shifts are presented, a byproduct of which permits estimation of parameters by maximum likelihood. An empirical application of this technique suggests…
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