Sarno, Lucio (contributor); Thornton, Daniel L. (contributor) - 2003 - [Elektronische Ressource]
for Research in Economics. For a summary of this
methodology see Koopmans (1949). For an early application of it, see … of Herman Wold, who advocated the theoretical
desirability of recursive models in economics, e.g., Wold (1954). In the … at the monthly
17
or quarterly frequency, as is often the case in applied macroeconomics and monetary
economics.
18 …