A Structured Var For Denmark Under Changing Monetary Regimes
Journal of Business & Economic Statistics, 1998, 16, 4, 400-411
JUSELIUS, Katarina, A Structured Var For Denmark Under Changing Monetary Regimes, Journal of Business & Economic Statistics, 1998, 16, 4, 400-411 - https://hdl.handle.net/1814/17036
Retrieved from Cadmus, EUI Research Repository
Using recently developed statistical tools for analyzing cointegrated I(2) data, this article models money, income, prices, and interest rates in Denmark. The final model describes the dynamic adjustment to short-run changes of the process, to deviations from long-run steady states, and to several political interventions. It provides new insights about the effects of the liberalization of trade and capital in a small open European economy.
Cadmus permanent link: https://hdl.handle.net/1814/17036
Full-text via DOI: 10.2307/1392609
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