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A statistical evaluation of GAP's forecasting performance for the Albanian economy

Papavangjeli, Meri; Rama, Arlind - 2018

Persistent link: https://www.econbiz.de/10011854867

Economists, incentives, judgement and empirical work

Colander, David C. - 2008

Persistent link: https://www.econbiz.de/10003837657

Bridging economic theory models and the cointegrated vector autoregressive model

Framroze Møller, Niels (contributor) - 2008

Examples of simple economic theory models are analyzed as restrictions on the Cointegrated VAR (CVAR). This establishes a correspondence between basic economic concepts and the econometric concepts of the CVAR: The economic relations correspond to cointegrating vectors and exogeneity in the...

Persistent link: https://www.econbiz.de/10003785323

Bridging economic theory models and the cointegrated vector autoregressive model

Framroze Møller, Niels (contributor) - 2008

Persistent link: https://www.econbiz.de/10003698538

Economists, incentives, judgment, and empirical work

Colander, David C. (contributor) - 2008

This paper asks the question: Why has the "general-to-specific" cointegrated VAR approach as developed in Europe had only limited success in the US as a tool for doing empirical macroeconomics, where what might be called a "theory comes first" approach dominates? The reason this paper highlights...