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Structural FECM: Cointegration in largeāscale structural FAVAR models (replic...
Starting from the dynamic factor model for nonstationary data we derive the factor-augmented error correction model (FECM) and its moving-average representation. The latter is... -
Complementarities in automobile production (replication data)
The number of different car and light truck models produced in North America has increased enormously over the last decades. The data suggests that producing this increased...