| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061980 | Economics Letters | 2008 | 4 Pages |
Abstract
VAR models with common cyclical features imply parsimonious univariate final equations, justifying the use of both time series aggregation, and homogenous panels with common factors and dynamic heterogeneity. However, conducting statistical inferences based on too restrictive models might be mis-leading.
Keywords
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Social Sciences and Humanities
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Economics and Econometrics
Authors
Gianluca Cubadda, Alain Hecq, Franz C. Palm,