Jusélius, Katarina - In: Econometrics : open access journal 9 (2021) 1/5, pp. 1-27
This survey paper discusses the Cointegrated Vector AutoRegressive (CVAR) methodology and how it has evolved over the past 30 years. It describes major steps in the econometric development, discusses problems to be solved when confronting theory with the data, and, as a solution, proposes a...
