Paolo, Paruolo - Facoltà di Economia, Università degli Studi dell'Insubria - 2003
This paper discusses common cycles in I(1) vector autoregressive (VAR) systems, both for the first di¤erences of the process and for deviations from equilibrium. This extension is based on the equilibrium dynamics representation of I(1) systems, which is presented in this paper. Inference on...