References
- Abel , A. and Blanchard , O. 1986 . The present value of profit and cyclical movements of investment . Econometrica , 54 : 249 – 273 .
- Bean , C. 1989 . Capital shortages and persistent unemployment . Economic Policy , : 12 – 53 .
- Bernanke , B. 1983 . Irreversibility, uncertainty, and cyclical investment . Quarterly Journal of Economics , 98 : 85 – 106 .
- Bertola, G. (1987) Irreversibility of Investment, MIT Mimeo.
- Bodo , G. and Sestito , P. August 1989 . “ Disoccupazione e Dualismo Territoriale ” . August , Bank of Italy . Temi di Discussione No. 123
- Checchi , D. and Galeotti , M. 1989 . The relationship between employment and investment: theoretical aspects and empirical evidence for Italy . Disoccupazione e Mercato del Lavoro nel Mezzogiorno , September : 375 – 414 . Atti del 4 Convegno AIEL
- Conti , V. and Cossutta , D. 1986 . “ II Problema della Oecupazione: Disequilibrio Strutturale o Transitorio ” . In Oltre la crisi , 147 – 208 . Bologna : II Mulino .
- Corradi , V. , Galeotti , M. and Rovelli , R. 1989 . A cointegration analysis of the relationship between bank reserves . Journal of Banking and Finance , 47 : 199 – 214 . deposits and loans: the case of Italy, 1965-1987
- Engle , R. and Granger , C. 1987 . Co-integration and error correction: representation, estimation, and testing . Econometrica , 55 : 251 – 276 .
- Granger , C. and Weiss , A. 1983 . “ Time series analysis of error-correction models ” . In Studies in Econometrics, Time Series, and Multivariate Statistics , Edited by: Karlin , D. , Amemiya , A. and Goodman , B. 255 – 278 . New York : Academic Press .
- Hall , S. 1986 . An application of the Granger and Engle two-step estimation procedure to United Kingdom aggregate wage data . Oxford Bulletin of Economics and Statistics , 48 : 229 – 239 .
- Hall , S. 1989 . Maximum likelihood estimation of cointegration vectors: an example of the Johansen procedure . Oxford Bulletin of Economics and Statistics , 51 : 213 – 218 .
- Johansen , S. 1988 . Statistical analysis of cointegration vectors . Journal of Economic Dynamics and Control , 12 : 213 – 254 .
- Johansen , S. and Juselius , C. 1990 . Maximum likelihood estimation and inference on cointegration - with applications to the demand for money . Oxford Bulletin of Economics and Statistics , 52 : 169 – 210 .
- Layard , R. and Nickell , S. 1991 . Unemployment , Oxford : Basil Blackwell .
- Malinvaud , E. 1982 . Wages and unemployment . The Economic Journal , 92 : 1 – 13 .
- Malinvaud , E. 1987 . Capital productif, incertitudes et profitabilite . Annales d'Economie et de Satistique , 5 : 1 – 36 .
- Modigliani , F. , Padoa Schioppa , F. and Rossi , N. 1986 . Aggregate unemployment in Italy: 1960–1983 . Economica , 53 : 245 – 273 . (Suppl.)
- Modigliani , F. , Monti , M. , Dreze , J. , Giersch , H. and Layard , R. 1987 . “ Reducing unemployment in Europe: the role of capital formation ” . In The Fight Against Unemployment , Edited by: Layard , R. and Calmforms , L. Cambridge : MIT Press .
- Newell , A. and Symons , J. 1987 . Mid 1980s Unemployment, LSE Center for Labour Economics . Discussion Paper No. 283 ,
- Newey , W. and West , K. 1987 . A simple positive semi-definite heteroskedasticity and autocorrelation consistent covariance matrix . Econometrica , 55 : 703 – 708 .
- Perron , P. 1988 . Trends and random walks in macroeconomic time series: further evidence from a new approach . Journal of Economic Dynamics and Control , 12 : 297 – 332 .
- Phillips , P. C. B. and Ouliaris , S. 1990 . Residual based tests for cointegration . Econometrica , 58 : 165 – 193 .
- Sims , C. 1980 . Macroeconomics and reality . Econometrica , 48 : 1 – 48 .
- Sims , C. , Stock , J. and Watson , M. 1990 . Inference in linear time series models with some unit roots . Econometrica , 58 : 113 – 144 .
- Stock , J. and Watson , M. 1989 . Interpreting the evidence on money-income causality . Journal of Econometrics , 40 : 161 – 182 .