Paya, Ivan (contributor); Peel, David (contributor) - 2006
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linear. From this perspective it is interesting that Sarantis (1999),Taylor et al
(2001) impose unit coe� cients and estimate … highly persistent, larger shocks mean-revert
much faster than the �glacial rates�previously reported for linear models (Ro … response function
A number of properties of the impulse response functions of linear models do not
carry over to the nonlinear …