decouple the two-country macro dynamics of country averages and country differences such that the cointegration analysis can be …

. Symmetry is rejected for the short-run, thus for the given cointegration vectors the final modelling stage is based on the full …, where the VAR based cointegration analysis is combined with a graph-theoretic search for instantaneous causal relations and … unanticipated interest rate change by the Fed. -- Two-country model ; Cointegration ; Structural VAR ; Gets Model Selection …

combining (i) a VAR based cointegration analysis with (ii) a graph-theoretic search for instantaneous causal relations and (iii … correction model. We find that the long-run properties of the system are characterized by four cointegration relations and one … to monetary policy shocks. -- Exchange Rates ; Monetary Policy ; Cointegration ; Structural VAR ; Model Selection …

structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long …

The method of cointegration analysis for modeling nonstationary economic time series variables has become a dominant … paradigm in empirical economic research. Critics argue that a cointegration analysis produces results that are, at best …, useless and, at worst, dangerous. In this research, we explain why and how the use of a cointegration analysis in economic …

In recognition of his contributions to the development of the method of cointegration analysis for analyzing … the development of the method of cointegration analysis. To illustrate by example, we apply the method of time series … cointegration analysis and present statistical evidence that supports the proposition that the economies of Canada and the United …