VectorAutoregressions(VARandVEC) VectorAutoregressions(VARandVEC) Thestructuralapproachtosimultaneousequationsmodelinguses economictheorytodescribetherelationshipsbetweenseveralvariables ofinterest3>.Theresultingmodelisthenestimated,andusedtotest theempiricalrelevanceofthetheory. Unfortunately,economictheoryisoftennotrichen...
开通VIP Vector Autoregressions (VAR and VEC) The structural approach to simultaneous equations modeling uses economic theory to describe the relationships between several variables of interest. The resulting model is then estimated, and used to test the empirical relevance of the theory. Unfortunately, ...