Affordable Access

Publisher Website

Causality, cointegration, and control

Authors
Journal
Journal of Economic Dynamics and Control
0165-1889
Publisher
Elsevier
Publication Date
Identifiers
DOI: 10.1016/0165-1889(88)90055-3

Abstract

Abstract The first sections of the paper show that causality tests can be relevant when considering the effectiveness of a control mechanism, rejecting some results in earlier papers. The relevance comes from a more careful consideration of what information is available to whom and when, compared to previous work. The final section of the paper extends this analysis to cointegrated variables, when causality is a necessary consequence.

There are no comments yet on this publication. Be the first to share your thoughts.