The Dynamic OLS (DOLS)estimator of the Cointegrating Coefficient, If Y_t

question 23

Multiple Choice

The dynamic OLS (DOLS) estimator of the cointegrating coefficient, if Y_t and X_t are cointegrated,

• A)is efficient in large samples
• B)statistical inference about the cointegrating coefficient is valid
• C)the t-statistic constructed using the DOLS estimator with HAC standard errors has a standard normal distribution in large samples
• D)all of the above

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Definitions:

Anita Hill

Anita Hill is an American attorney and academic who became nationally known for her testimony against Clarence Thomas during his Supreme Court nomination hearings in 1991, bringing sexual harassment in the workplace to public attention.

Clarence Thomas

An Associate Justice of the U.S. Supreme Court, known for his conservative views, appointed in 1991.

Mikhail Gorbachev

A former Soviet statesman who served as the last General Secretary of the Communist Party of the Soviet Union from 1985 until 1991, known for his reform policies of glasnost and perestroika.

George H.W. Bush

George H.W. Bush was the 41st President of the United States, serving from 1989 to 1993, notable for his leadership during the Gulf War.