What people are saying - Write a review
We haven't found any reviews in the usual places.
HI Long Run Behavior and Cointegration
9 other sections not shown
Other editions - View all
Bank of Mexico break point Chow CETES rate changes in inflation Chow and x2 Chow tests cointegration relationship cost of holding cover the financial crisis in December crisis in Mexico debt crisis demand for currency Demand for Money demand for real demand in Mexico deviations dynamic model Econometric Error Correction Model error correction representation exchange rate F-Statistics Figure financial crisis forecast Chow holding currency Homoscedasticity industrial production index INTERNATIONAL MONETARY FUND Johansen Johansen-Juselius nominal interest rates null hypothesis Numbers in brackets opportunity cost parameter constancy parameter instability percent level percent significance level period studied private consumption expenditures real currency balances real currency demand real interest rate real private consumption recursive estimation rejected relationship between m-p remained stable reserve money target residuals restricted cointegration estimation scale variable short-run stability of real stationary real interest statistics indicate Table transaction demand trend unit root Variable m-p Weighing Matrix x2 statistics Zero restrictions