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Nova School of Business and Economics Universidade Nova de Lisboa

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Tab. 1.3: Empirical size of ̥ ∗ λ (m|0) and D max ̥ ∗ λ tests, 5% nominal level, T = 150
Fig. 1.1: Power (1 break) of ̥ ∗ λ and D max ̥ ∗ λ tests, Model B, T=150 y t = δ 1 DU t (τ 1 ∗ ) + γ 1 DT t (τ 1 ∗ ) + u t , (1 − ρL) u t = (1 − θL) ε t ,
Fig. 1.2: Power (1 break) of ̥ ∗ λ (m|0) and D max ̥ ∗ λ tests, Model B, T=150
Fig. 1.3: Power (1 break) of ̥ ∗ λ (m|0) and D max ̥ ∗ λ tests, Model B, T=150
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