Jacobs, Jan; Wallis, Kenneth F. - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 2002
The structural vector autoregression (SVAR) and simultaneous equation macroeconometric model (SEM) styles of empirical macroeconomic modelling are compared and contrasted, with reference to two models of the UK economy, namely the Cambridge long-run structural VAR model and the COMPACT model....