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On the Existence of One-Sided Representations for the Generalised Dynamic Factor Model

Philipp Gersing

arXiv 23 Oct 2024 · Econometrics

arXiv:2410.18159 · PDF · DOI · OpenAlex · Extracted main text

Abstract

We show that the common component of the Generalised Dynamic Factor Model (GDFM) can be represented using only current and past observations basically whenever it is purely non-deterministic.

Citation extraction

34
references
68
in-text mentions
34
distinct cited
3
self-citations
8,258
main-text words

appendix boundary found by appendix_command · 87% of the source is main text. Read the extracted text to check this.

Most heavily cited references

The works this paper leans on most, across its whole bibliography — not restricted to papers in our corpus. Ranked by composite intensity, which combines how often a work is mentioned, how many sections mention it, and how much of that falls in the main text rather than the appendix.

ReferenceIntensityMentionsSectionsMain text
1Forni, M. and Lippi, M (2001) The generalized dynamic factor model: representation theory0.83612458%
2Gersing, P (2023) Reconciling the Theory of Factor Sequences self0.7946350%
3Deistler, M. and Scherrer, W (2022) Time Series Models, volume Lecture Notes in Statistics 2240.73732100%
4Forni, M., Hallin, M., Lippi, M., and Zaffaroni, P (2015) Dynamic factor models with infinite-dimensional factor spaces: One-sided representations0.73732100%
5Forni, M., Hallin, M., Lippi, M., and Zaffaroni, P (2017) Dynamic factor models with infinite-dimensional factor space: Asymptotic analysis0.73732100%
6Forni, M., Gambetti, L., Lippi, M., and Sala, L (2025) Common components structural VARs0.73732100%
7Barigozzi, M., Hallin, M., Luciani, M., and Zaffaroni, P (2024) Inferential theory for generalized dynamic factor models0.64422100%
8Deistler, M., Anderson, B. D., Filler, A., Zinner, C., and Chen, W (2010) Generalized linear dynamic factor models: An approach via singular autoregressions0.64422100%
9Gersing, P., Barigozzi, M., Rust, C., and Deistler, M (2024) The canonical decompositino of factor models: Weak factors are everywhere self0.64422100%
10Lippi, M (2021) Validating DSGE models with SVARS and high-dimensional dynamic factor models0.64422100%

Showing the top 10 of 34 scored citations.

Cited by, within the corpus

arXiv econ.EM papers that cite this one, ranked by how heavily they lean on it.

Citing paperIntensityMentionsSections
1A Distributed Lag Approach to the Generalised Dynamic Factor Model0.81142