Can digital financial inclusion as an emerging and innovative financial service promote
economic growth? Based on a Bayesian macroeconomic analysis framework, this paper …

This paper discusses a consistent bootstrap implementation of the likelihood ratio (LR) co‐
integration rank test and associated sequential rank determination procedure of Johansen …

This manual describes the usage of the accompanying freely available Matlab program for
estimation and testing in the fractionally cointegrated vector autoregressive (FCVAR) model …

We analyze the properties of the conventional Gaussian-based cointegrating rank tests of
Johansen (1996, Likelihood-Based Inference in Cointegrated Vector Autoregressive …

This article studies the main sources of macroeconomic fluctuations in Russia. We use
SVARX approach with long-run restrictions to identify an oil price shock, a nominal shock …

Standard tests based on predictive regressions estimated over the full available sample data
have tended to find little evidence of predictability in stock returns. Recent approaches …

Valid inference in predictive regressions depends in a crucial manner on the degree of
persistence of the predictor variables. The paper studies test procedures that are robust in …

In this paper, we propose a fixed design wild bootstrap procedure to test parameter
restrictions in vector autoregressive models, which is robust in cases of conditionally …

It is well known that the finite‐sample properties of tests of hypotheses on the co‐integrating
vectors in vector autoregressive models can be quite poor, and that current solutions based …

Structural vector autoregressive analysis aims to trace the contemporaneous linkages
among multiple economic time series back to underlying orthogonal structural shocks …