Long Run Economic Relations

In this interesting survey of recent developments in the field of cointegration, the authors discuss how cointegration (the linking of long run components of a pair or of a group or series), can be used to discuss some types of equilibrium and to introduce those equilibria into time-series models in a fairly uncontroversial way. The authors discuss the basic ideas in their introduction and the final chapters review the most recent developments in the field in a non-technical manner.Engle, R. F. is the author of 'Long Run Economic Relations', published 1992 under ISBN 9780198283386 and ISBN 0198283385.