Bork, Lasse; Dewachter, Hans; Houssa, Romain - School of Economics and Management, University of Aarhus - 2009
of Business Economics and Statistics XX:II, 147�162.
Stock, J. H. & Watson, M. W. (2005), Implications of dynamic factor …School of Economics and Management
Aarhus University
Bartholins Allé 10, Building 1322, DK-8000 Aarhus C
Denmark … the literature.
JEL classi�cations: E3, E43, C51, E52, C33
Keywords: Monetary policy, Business Cycles, Factor Models, EM …