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- W2107937877 abstract "This article analyzes impulse response functions in the context of vector fractionally integrated time series. We derive analytically the restrictions required to identify the structural-form system. As an illustration of the recommended procedure, we carry out an empirical application based on a bivariate system including real output in the USA and, in turn, in one of the four Scandinavian countries (Denmark, Finland, Norway, and Sweden). The empirical results appear to be sensitive, to some extent, to the specification of the stochastic process driving the disturbances, but generally a positive shock to US output has a positive effect on the Scandinavian countries, which tend to disappear in the long run." @default.
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- W2107937877 date "2011-01-01" @default.
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- W2107937877 title "Fractional integration and impulse responses: a bivariate application to real output in the USA and four Scandinavian countries" @default.
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- W2107937877 doi "https://doi.org/10.1080/02664760903254060" @default.
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