Credible Granger-causality analysis appears to require post-sample inference, as it is well-known that in-sample fit … terms of power relative to the in-sample Granger-causality F test, is manageable. An illustrative application is given, to a …

cointegration test, we assert that between January 1992 and November 1995, the Ukraine was faced with a complex monetary regime in …

of the paper outlines the theory behind market capitalisation, the development of of the general econometric model and …

In this paper we investigate the possibility of the application of subsampling procedure for testing cointegration … distribution and nuisance parameters in testing for cointegration rank without an explicitly formulated structural model. The … cointegration rank in large scale models, where the standard procedures hits already its limit. For empirical relevant cases our …

expenditure as suggested by the economic theory. We compare the estimated forecasting values of the endogenous variables to the … ability of the model to forecast not only one-period ahead but also many periods into the future. Keywords: Cointegration …