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Consumers purchase energy in many forms. Sometimes energy goods are consumed directly, for instance, in the form of gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of energy is embodied in the prices of goods and services...
Persistent link: https://www.econbiz.de/10014257276
structural vector autogressive (VAR) models. When the implied impulse responses look similar, the estimates are considered … prove by counterexample that this practice is invalid in general, whether the data generating process is a structural VAR …
Persistent link: https://www.econbiz.de/10014257274