Abstract
The object of the present note is to discuss some of the problems to be faced by an econometrician who wishes to simulate the impact of new control rules on an economy which has been operating in a different control environment. This discussion heavily relies on earlier work either on the specific issue of exogeneity, as analysed, e.g., in Engle et al. (1983), or on the more general issue of econometric modelling, as discussed, e.g., in Hendry and Richard (1982, 1983).
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© 1987 Martinus Nijhoff Publishers, Dordrecht
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Richard, J.F. (1987). Exogeneity and Control in Econometric Time Series Modelling. In: Carraro, C., Sartore, D. (eds) Developments of Control Theory for Economic Analysis. Advanced Studies in Theoretical and Applied Econometrics, vol 7. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-3495-5_18
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DOI: https://doi.org/10.1007/978-94-009-3495-5_18
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