This paper investigates the existence of a long-term relationship between oil prices and GDP in 12 European countries. To account for the fact that economic activity responds asymmetrically to oil price shocks, we propose an approach based on asymmetric cointegration. Our results show that, while st
On the Cointegration of Money, Credit, Prices, and Real GDP
โ Scribed by Harrison C. Hartman
- Publisher
- Springer US
- Year
- 2008
- Tongue
- English
- Weight
- 47 KB
- Volume
- 14
- Category
- Article
- ISSN
- 1083-0898
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