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UNA01000081687 |
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20120328192950.0 |
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080728s1996 000 0 spa d |
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|a Sistema de Bibliotecas de la Universidad Nacional de Costa Rica
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|a 339.3
|b S679a
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|a Soderlind, Paul.
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|a Applied cointegration analysis in the mirror of macroeconomic theory /
|c Paul Soderlind, Anders Vredin
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|a Sweden :
|b Handelshogskolan I Stockholm ,
|c 1996
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|a 19 p. ;
|c 21 cm.
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|a -- (Reprint Series)
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|a Cointegration analyses of macroeconomic time series are often not based on fully specified theoretical models. We use a theoretical model to scrutinize common procedures in applied cointegration analysis. Monte Carlo experiments show that some tests of the cointegration vectors do not work well on series generated by an equilibrium business cycle model, cointegration restrictions add little to forecasting, structural VAR models based on weak long-run restrictions seem to work well. The main disadvantage cointegration analysis without strong links to economic theory are that it makes it hard to estimate and interpret the cointegration vectors
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|a SERIES TEMPORALES
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|a MACROECONOMIA
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|a Vredin, Paul
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