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that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …
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that this will lead to a dynamic factor model with the dominant unit acting as the factor. The problems of estimation and …
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The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the US and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to lower...
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return correlations using weekly returns on futures markets and investigate the extent to which multivariate volatility …
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