Structural Slumps: A Cointegrated VAR Analysis of Their Interdependence

@inproceedings{Juselius2017StructuralSA,
  title={Structural Slumps: A Cointegrated VAR Analysis of Their Interdependence},
  author={Katarina Juselius},
  year={2017}
}
  • Katarina Juselius
  • Published 2017
This paper is an empirically based discussion of interactions between speculative behavior in the currency markets and aggregate ‡uctuations in the real economy. It builds on the recent theory of Imperfect Knowledge Economics in Frydman and Goldberg (2007) and combines this with the Structural Slumps theory in Phelps (1994). The paper argues that this is… CONTINUE READING