Working Paper
What do Almon's endpoint constraints constrain?
Abstract: In this paper we show that Almon's (1965) endpoint constraints do not constrain the endpoints, as commonly thought. In particular, the endpoints are not constrained to equal zero. Consequently, these constraints have neither a basis in economic theory nor the econometric justification frequently ascribed to them.
https://doi.org/10.20955/wp.1984.017
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https://doi.org/10.20955/wp.1984.017
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Working Papers
Publication Date: 1984
Number: 1984-017