Comment: The Future of Administrative Records in the Economic Programs of the Census Bureau |
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Authors: | Charles A. Waite |
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Affiliation: | U.S. Bureau of the Census , Washington , DC , 20233 |
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Abstract: | Using recently developed statistical tools for analyzing cointegrated 1(2) data, this article models money, income, prices, and interest rates in Denmark. The final model describes the dynamic adjustment to short-run changes of the process, to deviations from long-run steady states, and to several political interventions. It provides new insights about the effects of the liberalization of trade and capital in a small open European economy. |
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Keywords: | Cointegration I(2) analysis Identification IS–LM model Monetary policy Money demand |
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