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.

引用

页码：1751 / 1756

页数：6

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