Garratt, A; Lee, K; Pesaran, M H; Shin, Yongcheol - School of Economics, University of Edinburgh - 1999
In this paper we discuss the 'structural cointegrating VAR' approach to macroeconometric modelling and compare it to other approaches currently followed in the literature, namely the large-scale simultaneous equation macroeconometric models, the structural VARs, and the dynamic stochastic...