Wilde, Joachim - In: Jahrbücher für Nationalökonomie und Statistik 235 (2015) 3, pp. 320-328
Summary Interpreting Granger causality as economic causality implies that the underlying VAR model is a structural economic model. This is wrong in the case of simultaneity, and causal conclusions can be misleading. Nevertheless, the empirical relevance of this problem still needs to be...