investment and output respond to a lesser degree. -- Economic models ; Monetary policy framework ; Financial markets …

this paper, the authors examine two models recently developed for this purpose: a reduced-form model applied to credit … that these models provide information on the nature of credit events that is, whether the event is systemic or not and on … the type of risk priced in corporate bonds (i.e., credit or liquidity risk). However, although the two models provide …

A sequential Monte Carlo method for estimating GARCH models subject to an unknown number of structural breaks is …. The method conveniently deals with the path dependence problem that arises in these type of models. The performance of the …