Rethinking error correction model in macroeconometric analysis: A relevant review
Christian Pinshi ()
MPRA Paper from University Library of Munich, Germany
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)
New Economics Papers: this item is included in nep-ecm, nep-mac and nep-ore
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https://mpra.ub.uni-muenchen.de/98322/1/MPRA_paper_98322.pdf revised version (application/pdf)
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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