{"product_id":"international-finance-discussion-papers-neil-r-ericsson-9781288733705","title":"International Finance Discussion Papers: Exogeneity, Cointegration, and Economic Policy Analysis","description":"This overview examines conditions for reliable economic policy analysis based on econometric models, focusing on the econometric concepts of exogeneity, cointegration, causality, and invariance. Weak, strong, and super exogeneity are discussed in general; and these concepts are then applied to the use of econometric models in policy analysis when the variables are cointegrated. Implications follow for model constancy, the Lucas critique, equation inversion, and impulse response analysis. A small money-demand model for the United Kingdom illustrates the main analytical points. This paper then summarizes the other articles in this special section of the Journal of Business and Economic Statistics on \"Exogeneity, Cointegration, and Economic Policy Analysis.\"\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Neil R. Ericsson\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1288733704\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781288733705\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Bibliogov\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/08\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 44\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.21lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.69h x 7.44w x 0.09d","brand":"Neil R. Ericsson","offers":[{"title":"Paperback","offer_id":48449456767231,"sku":"9781288733705","price":15.75,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_753db6f2-01e5-4ca2-9fbd-568e8b60f53f.jpg?v=1777263471","url":"https:\/\/www.whiterainbookhouse.com\/products\/international-finance-discussion-papers-neil-r-ericsson-9781288733705","provider":"WR Book House","version":"1.0","type":"link"}