Journal Articles

1. Hoover, KD, Some causal lessons from macroeconomics, Journal of Econometrics, vol. 112 no. 1 (January, 2003), pp. 121-125, Elsevier BV [repository], [doi].
   (last updated on 2024/04/23)

   Abstract:
   Some of the well-posed causal aspects from macroeconomics were discussed. The causal lessons were supported by the vector-autoregression (VAR) framework of macroeconomics which was analogous to the panel-data approach. The analysis of causality in a VAR framework carried important lessons for the panel-studies. The results show that the direct and indirect linkages among the health indicators and the counterfactual simulations were sensitive to the omission of a contemporaneous link from wealth to health.