Markov switching causality and the money
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Professor Zacharias Psaradakis; Morten O. Ravn; Martin Sola
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Article
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2005
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John Wiley and Sons
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English
β 234 KB
## Abstract The causal link between monetary variables and output is one of the most studied issues in macroeconomics. One puzzle from this literature is that the results of causality tests appear to be sensitive with respect to the sample period that one considers. As a way of overcoming this diff