Hernández, Jorge Herrera; Ponce, Ramón A. Castillo - In: Estudios Económicos 18 (2003) 1, pp. 133-155
The document presents a test for the existence of binding long- and short-run (common trend-common cycle) restrictions in the dynamics of a set of Mexican macroeconomic variables. These restrictions are imposed in a VAR to decompose the series into their permanent and transitory components. The...