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- W1976093592 abstract "VARs typically employ the same number of lags for each variable. Consequently, they often estimate many insignificant coefficients. The “asymmetric VAR” (AVAR), defined as a VAR for which each variable may have a unique number of lags, is shown to be the reduced form for a general linear structure. A particular economic structure is developed to compare and contrast parameter estimates from AVAR and VAR specifications. Qualitatively similar results are obtained from each model. Parameters in the AVARs frequently have smaller standard errors than the VAR, suggesting AVARs may obtain more efficient estimates. Important questions about macroeconomic structure are addressed with these models." @default.
- W1976093592 created "2016-06-24" @default.
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- W1976093592 date "2000-12-01" @default.
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- W1976093592 title "Macroeconomic modeling with asymmetric vector autoregressions" @default.
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- W1976093592 doi "https://doi.org/10.1016/s0164-0704(00)00120-8" @default.
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