Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Jul, 1963, Volume 31, Issue 3

The Matrix Multiplier and Distributed Lags

https://www.jstor.org/stable/1909989
p. 514-529

D. V. T. Bear

A nonnegative, finite distributed-lag model of the matrix multiplier is shown to be stable under exactly those conditions which impart stability to the first-order form of the model. Sufficient conditions on the first-order model are extended to cover the higher-order case. It is shown that a distributed-lag matrix multiplier is stable if, and only if, its corresponding first-order aggregation is also stable.


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