Recent Publications, Papers

PAPERS SUBMITTED
AND IN PROGRESS:

• "Decreasing Marginal Impatience, Income Distribution and Demand for Money: Theory and Evidence" with Mausumi Das and Satya Das. Working Paper.
• "The Value Line Dow Jones Stock Evaluation Model: Does It Have Predictive Content?" with Limin Lin. Working Paper.
• "Prediction-based Adaptive Compositional Model for Stable Seasonal Time Series Analysis" with Airong Cai and Rong Chen of the University of Illinois at Chicago. Working Paper.
• "A Time Series Analysis of Antitrust Activity by the Department of Justice: Partisan Politics versus the Theiory of Public Choice" with Dan Slottje. Working Paper.
• "Net Discount Ratio: Issues of Stationarity and Prediction" Working Paper.
• "On the Usefulness of Pretesting for Log versus Level when Forecasting Nonstationary Time Series Data" Research in Progress.

RECENT PUBLICATIONS:

• "A Change Point Analysis of the Impact of 'Environmental Federalism' on Aggregate Air Quality in the United States: 1940 - 98" with Limin Lin,
  Economic Inquiry, 44, 2006.
• "Inconsistency of HAC Standard Errors in Event Studies with IID Errors" with Justin Murfin, Applied Financial Economics Letters, 1, 2005.
• "Tests of Common Deterministic Trend Slopes Applied to Quarterly Global Temperature Data" with Tim Vogelsang in Volume 17 of
  Advances in Econometrics: Maximum Likelihood Estimation of Misspecified Models, Twenty Tears Later, Elsevier-Science, 2003, eds. T. Fomby and R. Carter Hill.
• "The Application of Size Robust Trend Statistics to Global Warming Temperature Series" with Tim Vogelsang,
  Journal of Climate, 15, 2002.
• "Forecasting with Stable Seasonal Pattern Models with an Application to Hawaiian Tourism Data," with Rong Chen, Journal of Business and Economic Statistics, 17, 1999.
• "Threshold Cointegration" with Nathan Balke,
  International Economic Review, 38, 1997.
• "Outliers in Macroeconomic Time Series," with Nathan Balke,
  Journal of Applied Econometrics, 9, 1994.