In statistics and econometrics, asymmetric cointegration describes a long-term relationship between variables where positive and negative shocks to the equilibrium have different impacts. This builds upon the concept of cointegration, which refers to a long-term, stable relationship between two or more variables, even if those variables individually fluctuate over time.
In statistics and econometrics, asymmetric cointegration describes a long-term relationship between variables where positive and negative shocks to the equilibrium have different impacts. This builds upon the concept of cointegration, which refers to a long-term, stable relationship between two or more variables, even if those variables individually fluctuate over time.
Source: Wikipedia "Asymmetric cointegration" · CC BY-SA 4.0
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