A Methodological Note on Long-Period Positions
Posted: 30 Jun 2008
There are 2 versions of this paper
A Methodological Note on Long-Period Positions
Contributions to Political Economy, Vol. 26, pp. 17-26, 2007
Number of pages: 11
Posted: 13 Dec 2006
Last Revised: 04 Mar 2008
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93
Date Written: 2007
Abstract
This brief paper seeks to overcome a number of methodological disagreements among economists who use the long-period method of analysis. In particular, it attempts to clarify the key distinctions between convergence and stability, convergence and gravitation and chronological and theoretical persistence. The conclusion is that the theoretical soundness of the long-period method depends on the convergence of actual magnitudes towards their long-period counterparts, an empirical issue to which theoretical considerations of stability are irrelevant.
Keywords: BD11, D21, B12
Suggested Citation: Suggested Citation
D'Orlando, Fabio, A Methodological Note on Long-Period Positions (2007). Contributions to Political Economy, Vol. 26, Issue 1, pp. 17-26, 2007, Available at SSRN: https://ssrn.com/abstract=1153211 or http://dx.doi.org/bzm017
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