Cowles commission structural equation approach in light of nonstationary time series analysis

Abstract

We review the advancement of nonstationary time series analysis from the perspective of Cowles Commission structural equation approach. We argue that despite the rich repertoire nonstationary time series analysis provides to analyze how do variables respond dynamically to shocks through the decomposition of a dynamic system into long-run and short-run… (More)

Topics

Figures and Tables

Sorry, we couldn't extract any figures or tables for this paper.

Slides referencing similar topics