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Tests on alpha

Tests on alpha. Long-run weak exogeneity (a zero row in alpha) Estimation in partial system A known vector in alpha. Long-run weak exogeneity (no long-run feed-back). Or:. The concentrated model:. Tests of weak exogenity. Joint test of weak exogeneity. Weak exogeneity and partial models.

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Tests on alpha

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  1. Tests on alpha • Long-run weak exogeneity (a zero row in alpha) • Estimation in partial system • A known vector in alpha

  2. Long-run weak exogeneity (no long-run feed-back) Or:

  3. The concentrated model:

  4. Tests of weak exogenity

  5. Joint test of weak exogeneity

  6. Weak exogeneityand partialmodels

  7. Under which conditions on the VAR model is it possible to estimate the long-run money demand relation in a singel equation error correction model without loss of information?

  8. The VAR model with bond rate as weakly exogneous variable

  9. Why partial models can be useful:

  10. Illustration: the rank test with exogenous variables

  11. Testing a known vector in alpha

  12. Illustration

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