A Note on Covariance Stationarity Conditions for Dynamic Random Coefficient Models
U of London Queen Mary Economics Working Paper No. 475
11 Pages Posted: 3 Feb 2003
Date Written: November 2002
In this note we look at sufficient conditions for stationarity of a simple random coefficient model and find that this model is guaranteed to be stationary under strict conditions.
Keywords: Stationarity, Random Coefficient Models
JEL Classification: C22
Suggested Citation: Suggested Citation