Granger-causality tests

Testing
Reduced and recursive forms are used to summarize the comovements
of those 3 series.
Reduced form VAR is used to forecast the variables
• Performance compared to alternate benchmark models
The 2 different structural VARs are used to estimate policy changes
and their repercussions
Data Description
VAR analysis uses reports from Granger-causality tests,
impulse responses, and forecast error variance
decompositions.
Computed automatically by various software
Because the dynamics of VARs are so complicated, these
statistics are more informative than the estimated VAR
regression coefficients, which are usually go unreported.