Rossen, Anja - In: Jahrbücher für Nationalökonomie und Statistik 236 (2016) 3, pp. 389-409
Abstract Although many macroeconomic time series are assumed to follow nonlinear processes, nonlinear models often do not provide better predictions than their linear counterparts. Furthermore, nonlinear models easily become very complex and difficult to estimate. The aim of this study is to...