Rethinking error correction model in macroeconometric analysis: A relevant review

Christian Pinshi

MPRA Paper from University Library of Munich, Germany

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: Cointegration; Error correction model; Macroeconomics (search for similar items in EconPapers)
JEL-codes: C32 E0 (search for similar items in EconPapers)
Date: 2020-01
New Economics Papers: this item is included in nep-ecm, nep-mac and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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https://mpra.ub.uni-muenchen.de/98322/1/MPRA_paper_98322.pdf revised version (application/pdf)

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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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:98202

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