Testing for and dating periods of explosive dynamics (exuberance) in time series using the univariate and panel recursive unit root tests proposed by Phillips et al. (2015) doi:10.1111/iere.12132 and Pavlidis et al. (2016) doi:10.1007/s11146-015-9531-2 .The recursive least-squares algorithm utilizes the matrix inversion lemma to avoid matrix inversion which results in significant speed improvements. Simulation of a variety of periodically-collapsing bubble processes. Details can be found in Vasilopoulos et al. (2022) doi:10.18637/jss.v103.i10 .

Package options

exuber.show_progress

  • Should lengthy operations such as radf_mc_cv() show a progress bar? Default: TRUE

exuber.parallel

  • Should lengthy operations use parallel computation? Default: TRUE

exuber.ncores

  • How many cores to use for parallel computation. Default: system cores - 1

exuber.global_seed

  • When chosen automatically feeds into all functions with random-number generation. Default: NA

Author

Maintainer: Kostas Vasilopoulos k.vasilopoulo@gmail.com

Authors: