Rethinking error correction model in macroeconometric analysis: A relevant review

Christian Pinshi

Working Papers from HAL

Abstract: The cointégration methodology has bridged the growing gap between economists and econometricians in understanding dynamics, equilibrium and bias on the reliability of macroeconomic and financial analysis, which is subject to non-stationary behavior. This paper proposes a comprehensive literature review on the relevance of the error correction model. Econometricians and economists have shown that error-correction model is a powerful machine that provides the economic system and macroeconomic policy with a refinement in the econometric results.

Keywords: Keys words : Cointegration; Error correction model; Macroeconomics JEL Classification : C32; E0 (search for similar items in EconPapers)
Date: 2020-01-25
New Economics Papers: this item is included in nep-ets, nep-hpe and nep-mac
Note: View the original document on HAL open archive server: https://hal.science/hal-02454971
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Rethinking Error Correction Model in Macroeconometric Analysis: A Relevant Review (2020)
Working Paper: Rethinking error correction model in macroeconometric analysis: A relevant review (2020)
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