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a panel vector autoregression (VAR) and Granger causality tests to examine the relationship between liquidity and prices …
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Stips et al. (2016) use information flows (Liang (2008, 2014)) to establish causality from various forcings to global temperature. We show that the formulas being used hinge on a simplifying assumption that is nearly always rejected by the data. We propose the well-known forecast error variance...
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