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Article Dans Une Revue Applied Economics Letters Année : 2008

Testing the fed and the Graham & Dodd models: asymmetric vs. symmetric adjustment

Résumé

We examine the empirical validity of the Fed model and the Graham & Dodd model for five countries and over a time period spanning three decades by applying the Enders and Granger (1998) and Enders and Siklos (2001) threshold unit-root and cointegration tests. Our results support the hypothesis that the adjustment back to equilibrium is asymmetric.
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Dates et versions

hal-00267993 , version 1 (30-03-2008)

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Christophe Boucher, Sofiane Aboura. Testing the fed and the Graham & Dodd models: asymmetric vs. symmetric adjustment. Applied Economics Letters, 2008, 15 (2), pp.91-94. ⟨10.1080/13504850600706693⟩. ⟨hal-00267993⟩
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