Before revision:  Moreover, practical applications in time series, such as the optimal block length and local bias-correction, are discussed and numerical simulations are carried on the local MLE of a time-varying parameter MA(1) model to illustrate them .
After revision:  Moreover, practical applications in time series, such as the optimal block length and local bias-correction, are discussed and numerical simulations are carried on the local MLE of a time-varying parameter MA(1) .