Majsterek, Michał - In: Central European Journal of Economic Modelling and … 4 (2012) 4, pp. 215-252
The presented paper aims to analyse both statistical and economic aspects of the model with I(2) variables. The … economic interpretation of both VECM parameters and common stochastic trends representation is considered in the I(2) domain …. The returns of I(2) approach in terms of stock-flows, nominal-real analysis and diasggregation into both long-, short and …