The dual adjustment approach with an application to the consumption function
For theoretical and statistical reasons, it is important to decompose some series into dual components in order to understand their permanent and temporary movements as well as their dual co-movements. This study, therefore, aims to introduce the dual adjustment approach for the nonstationary macroe...
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| Format: | Article |
| Language: | English |
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Elsevier
2019-03-01
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| Series: | Central Bank Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070118301215 |