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- Sun Mar 30, 2014 7:32 am
- Forum: Econometric Discussions
- Topic: VECM Stages and Interpretation
- Replies: 0
- Views: 2174
VECM Stages and Interpretation
Firstly I hope this post is in the correct location and I apologies if it is not. I am trying to compute the effects of changes in money demand on the USD/GBP exchange rate. As I understand it if my variables are integrated of order 1 I(1) but at least one cointegrating relationship exists then the ...