Goulet Coulombe, Philippe; Göbel, Maximilian - In: Econometrics : open access journal 9 (2021) 3, pp. 1-18
Stips et al. (2016) use information flows (Liang (2008, 2014)) to establish causality from various forcings to global temperature. We show that the formulas being used hinge on a simplifying assumption that is nearly always rejected by the data. We propose the well-known forecast error variance...