Lecture 8

Will start today with the last question in Seminar exercise set 4, since the Fulton fish data will be example for the "systems" part of Lecture 7, which remains.

Reading in connection to the slide set to Lecture 8.

I have posted a short (but self-contained) lecture note about the Lucas-critique which will also be a reference for Seminar 5 (when that comes).

In Hamilton: I would read in Ch. 2.5 and Ch. 11.2, which, in fact is about non-causal VARs.

R