This paper discusses common cycles in I(2) vector autoregressive (VAR) systems. Both static and dynamic cofeatures are considered. We consider application of these notions to different choices of stationary variables extracted from a VAR, including deviations from equilibria. This extension is...

This paper analyzes common cycles in I(2) vector autoregressive (VAR) systems. We consider di®erent choices of stationary variables extracted from a VAR, including deviations from equilibria. This extension is based on the equilibrium dynamics representation of the system, introduced in this...

This paper discusses common cycles in I(1) vector autoregressive (VAR) systems, both for the first di¤erences of the process and for deviations from equilibrium. This extension is based on the equilibrium dynamics representation of I(1) systems, which is presented in this paper. Inference on...