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Classical Estimation of Multivariate Markov-Switching Models using MSVARlib

BELLONE, BENOIT - EconWPA - 2005

This paper introduces an upgraded version of MSVARlib, a Gauss and Ox- Gauss compliant library, focusing on Multivariate Markov Switching Regressions in their most general specification. This new set of procedures allows to estimate, through classical optimization methods, models belonging to...

Persistent link: https://www.econbiz.de/10005407938

Business cycle and sector cycles

Pelagatti, Matteo M. - EconWPA - 2005

A methodology based on the multivariate generalized Butterwoth filter for extracting the business cycles of the whole economy and of its productive sectors is developed. The method is then illustrated through an application to the Italian gross value added time series of the main economic sectors.

Persistent link: https://www.econbiz.de/10005119122

ON THE ROLE OF WAGES IN THE UKRAINIAN TRANSITION PROCESS : AN EMPIRICAL INVESTIGATION

Fazio, Gioacchino; Hueber, Olivier - EconWPA - 2004

and population welfare been suffering of both a persistent and high inflation during the four first years of its young … cointegration test, we assert that between January 1992 and November 1995, the Ukraine was faced with a complex monetary regime in … inflation is contained but wages and pensions arrears increase quickly. Such a situation is not sustainable in the short and we …

Persistent link: https://www.econbiz.de/10005407979