A Structured VAR for Denmark under Changing Monetary Regimes.

Using recently developed statistical tools for analyzing cointegrated I(2) data, this article models money, income, prices, and interest rates in Denmark. The final model describes the dynamic adjustment to short-run changes of the process, to deviations from long-run steady states, and to several political interventions. It provides new insights about the effects of the liberalization of trade and capital in a small open European economy.

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Year of publication:	1998
Authors:	Juselius, Katarina
Published in:	Journal of Business & Economic Statistics. - American Statistical Association. - Vol. 16.1998, 4, p. 400-411
Publisher:	American Statistical Association

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005532397