Interactions between large macro models
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Clive W.J. Granger; Yongil Jeon
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Article
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2003
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John Wiley and Sons
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English
⚖ 111 KB
## Abstract Building large models, with little dynamics, was long considered to be an alternative to small dimensional time series models involving many lags. The advantages of one modelling methodology are compared to others; such as the size of the model, the use of economic theory, and simultane