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Testing the Assumptions of Seemingly Unrelated Regressions

The Review of Economics and Statistics 1982 64(1), 172
Blinder, Alan S., and Robert M. Solow, 'Does Fiscal Policy Matter?,'' Journal of Public Economic.s 2 (Nov. 1973), 319-337. Christ, Carl, Some Dynamic Theory of Macroeconomic Policy Effects on Income and Prices Under the Government Budget Restraint, Journal o1 Monetary Econo0lmicis (1978), 45-70. Fair, Ray C., A Model of AMI(Horoelonlmi ActivitY (Cambridge, MA: Ballinger Publishing Company, 1976). Kennedy, Peter E., Direct Wealth Effects in Macroeconomic Models: The Saving vs. the Definitional Approach, Journal ,f Monv., Crcdt, and Banking 10 (Feb. 1978), 94-98.