| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7346555 | Economic Analysis and Policy | 2018 | 8 Pages |
Abstract
This note introduces the concept of potential one-way policy instruments in a cointegrated vector autoregressive (VAR) system in a manner validating super and strong exogeneity. Monte Carlo experiments are conducted to verify arguments for a policy-oriented interpretation of the system's impact-matrix. This study provides useful insight into simulation exercises for macroeconomic policy.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Takamitsu Kurita,