A Maximum Entropy Approach to the Specification of Distributed Lags

Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 25)


The maximum entropy (ME) criterion is used to justify three different specifications of distributed lags. For lag distributions in several dimensions, the ME criterion yields a considerable simplification.


Maximum Entropy Bilinear Term International Economic Review Considerable Simplification Stochastic Independence 
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Copyright information

© Springer Science+Business Media Dordrecht 1992

Authors and Affiliations

  1. 1.University of ChicagoChicagoUSA
  2. 2.University of Southern CaliforniaLos AngelesUSA

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