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Oxford Review of Economic Policy
Article . 1994 . Peer-reviewed
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HUS REVISITED

Authors: Hendry, D;

HUS REVISITED

Abstract

We reconsider the model of Hendry and von Ungern-Sternberg (1981) on a recent data vintage. The data have been extensively revised since their study, such that their model no longer holds over the sample period they used, so the effects of data revisions are studied. Issues of functional form, seasonality, liquidity, uncertainty, dynamics, cointegration, structural change, financial deregulation, inflation and relative prices are considered. A revised specification is proposed which seems congruent with the data evidence and is constant over the sample, and its interpretation is discussed.

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United Kingdom
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    77
    popularity
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    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
77
Average
Top 10%
Top 1%
Green
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