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INTERPRETING THE EVIDENCE ON MONEY-INCOME CAUSALITY
INTERPRETING THE EVIDENCE MONEY-INCOME CAUSALITY
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2014/3/18
Previous researchers have reached strikingly different conclusions about the usefulness of money for forecasting real output based on closely related regression-based tests. An e...
THE CONVERGENCE OF MULTIVARIATE ‘UNIT ROOT’ DISTRIBUTIONS TO THEIR ASYMPTOTIC LIMITS The Case of Money-Income Causality
MULTIVARIATE UNIT ROOT DISTRIBUTIONS THEIR ASYMPTOTIC LIMITS Money-Income Causality
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2014/3/18
We examine the quality of recently developed asymptotic approximations to the sampling distributions of various statistics in levels regressions when the regressors have unit ro...