This paper investigates codependent cycles, i.e., transitory components that react to common stimuli in a similar, although not necessarily synchronous fashion. Unlike previous studies, the methodology of this paper allows FIML estimation of the restricted VAR/VECM and therefore the extraction of th
✦ LIBER ✦
Autoregressive distributed lag models and cointegration
✍ Scribed by Hassler, Uwe ;Wolters, Jürgen
- Book ID
- 106292650
- Publisher
- Springer
- Year
- 2006
- Tongue
- German
- Weight
- 741 KB
- Volume
- 90
- Category
- Article
- ISSN
- 0002-6018
No coin nor oath required. For personal study only.
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## Abstract This paper aims to show to practitioners how flexible and straightforward the implementation of the Bayesian paradigm can be for distributed lag models within the Bayesian dynamic linear model framework. Distributed lag models are of importance when it is believed that a covariate at t
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