Chudik, Alexander (contributor); … - 2007
). Extended and updated version of the GVAR by Dees, di Mauro, Pesaran and Smith (2007),
which treats Euro area as a single … economic area, was used by Pesaran, Smith and Smith (2007) to evaluate UK entry into the
Euro. Further developments of a global … shrink the parameters space.1 In
most applications, BVARs have been applied to relatively small systems2 (e.g. Leeper, Sims …