This dissertation identifies real, nominal, and financial shocks in the U.S. and observes their effects on U.S. as well as G-7 macroeconomic variables. First, the real and nominal shocks in the U.S. are identified by using long-run implications of an open economy stochastic macroeconomic model,...

We examine the relationship between exports and output for a small developing country Nepal which has received little attention in such literature. Using multivariate cointegration and vector error correction model for the data of 1975 to 2011 we find long-run relationship between real exports,...