methodology to answer this question. We rely on the idea of Granger-causal-priority, related to the well-known concept of Granger …

methodology to answer this question. We rely on the idea of Granger-causal-priority, related to the well-known concept of Granger …

methodology to answer this question. We rely on the idea of Granger-causal-priority, related to the well-known concept of Granger …

, Granger causal priority, transition economies, external shocks. JEL Classification: F41, E3, O11, P2. I thank for comments … marginal likelihood than the VAR models that allow for a break in the middle of the sample. 3.2. Granger causal priority of … data sources. Table 1: Results of testing the Granger causal priority restrictions Lag …