A structural factor-augmented vector error correction (SFAVEC) model approach: an application to the UK

被引：7
|
作者：
Lagana, Gianluca [1 ,2 ]
机构：
[1] Univ Roma Tre, Dept Law & Econ, I-00154 Rome, Italy
[2] Univ Roma Tre, CREI, I-00154 Rome, Italy
来源：
APPLIED ECONOMICS LETTERS | 2009年 / 16卷 / 17期
关键词：
MONETARY-POLICY;
D O I：
10.1080/13504850701604185
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This note presents a new structural factor-augmented vector error correction model approach to solve the limited information problem present in traditional vector error correction models. We apply this approach to the UK and obtain a reasonable characterization of the long-run equilibrium concerning real activity, taxation, inflation and the rate of interest.
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页码：1751 / 1756
页数：6
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