A structural factor-augmented vector error correction (SFAVEC) model approach: an application to the UK

This note presents a new structural factor-augmented vector error correction model approach to solve the limited information problem present in traditional vector error correction models. We apply this approach to the UK and obtain a reasonable characterization of the long-run equilibrium concerning real activity, taxation, inflation and the rate of interest.

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Year of publication:	2009
Authors:	Lagana, Gianluca
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 17, p. 1751-1756
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10008582832