{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,13]],"date-time":"2026-02-13T11:47:53Z","timestamp":1770983273030,"version":"3.50.1"},"reference-count":18,"publisher":"Wiley","issue":"4","license":[{"start":{"date-parts":[[2006,11,7]],"date-time":"2006-11-07T00:00:00Z","timestamp":1162857600000},"content-version":"vor","delay-in-days":5516,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[1991,10]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>In DeJong and Whiteman (1991a), we concluded that 11 of the 14 macroeconomic time\u2010series originally studied by Nelson and Plosser (1982) supported trend\u2010stationarity. Phillips (1991) criticizes this inference, claiming that our procedure is biased against integration, and that our results are sensitive to model and prior specification. However, Phillips' alternative models and priors bias his results in favour of integration; despite these biases, Phillips' own findings indicate that the data provide the greatest relative support to trend\u2010stationarity. This result is similar to our own (1989, 1990, 1991b) findings concerning the sensitivity of our results; the trend\u2010stationarity inference is remarkably robust.<\/jats:p>","DOI":"10.1002\/jae.3950060409","type":"journal-article","created":{"date-parts":[[2007,7,12]],"date-time":"2007-07-12T15:21:08Z","timestamp":1184253668000},"page":"413-421","source":"Crossref","is-referenced-by-count":30,"title":["The case for trend\u2010stationarity is stronger than we thought"],"prefix":"10.1002","volume":"6","author":[{"given":"David N.","family":"Dejong","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Charles H.","family":"Whiteman","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"311","published-online":{"date-parts":[[2006,11,7]]},"reference":[{"key":"e_1_2_1_2_1","doi-asserted-by":"publisher","DOI":"10.2307\/1884285"},{"key":"e_1_2_1_3_1","unstructured":"Churchill W. S.(1898) The Story of the MaJakand Field Force: An Episode of Frontier War London. Quoted in"},{"key":"e_1_2_1_3_2","first-page":"228","volume-title":"The Last Lion: Visions of Glory","author":"Manchester W. S.","year":"1983"},{"key":"e_1_2_1_4_1","unstructured":"Corbae P. D. S.Ouliaris andP. C. B.Phillips(1991) \u2018A reexamination of the permanent income hypothesis using frequency\u2010domain regressions\u2019 University of Iowa manuscript."},{"key":"e_1_2_1_5_1","unstructured":"DeJong D. N. andC. H.Whiteman(1989) \u2018Trends and cycles as unobserved components in U.S. real GNP: A Bayesian perspective\u2019 Proceedings of the American Statistical Association Business and Economics Section pp.63\u201370."},{"key":"e_1_2_1_6_1","unstructured":"DeJong D. N. andC. H.Whiteman(1990) \u2018Are output fluctuations transitory?: a Bayesian perspective\u2019. Working Paper No. 90\u201326 Department of Economics University of Iowa."},{"key":"e_1_2_1_7_1","doi-asserted-by":"crossref","unstructured":"DeJong D. N. andC. H.Whiteman(1991) \u2018Reconsidering \u201cTrends and random walks in macroeconomic time series\u2019\u201d Journal of Monetary Economics(forthcoming).","DOI":"10.1016\/0304-3932(91)90051-O"},{"key":"e_1_2_1_8_1","first-page":"600","article-title":"The temporal stability of dividends and stock prices: evidence from the likelihood function","volume":"81","author":"DeJong D. N.","year":"1991","journal-title":"American Economic Review"},{"key":"e_1_2_1_9_1","unstructured":"DeJong D. N. J. C. Nankervis N. E.Savin andC. H.Whiteman(1991) \u2018The power problems of unit root tests in time series with autoregressive errors\u2019 Journal of Econometrics (forthcoming)."},{"key":"e_1_2_1_10_1","unstructured":"Dickey D. 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