Exogeneity, cointegration, and economic policy analysis.
This overview examines conditions for reliable economic policy analysis based on econometric models, focusing on the econometric concepts of exogeneity, cointegration, causality, and invariance. Weak, strong, and super exogeneity are discussed in general; and these concepts are then applied to the u...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
Federal Reserve Board (U.S.)
1998
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