This study employs the asymmetric threshold cointegration test suggested by Enders and Siklos (2001) and creates asymmetric EC-EGARCH(1, 1)- M model to investigate the pass-through of money-market rate to banking retail rates in Taiwan and Hong Kong. It further explores the impact of interest...

This study revises the original Current Depth of Recession (CDR) to prove that the Modified CDR (MCDR) is more suitable as a threshold variable than the CDR. We rebuild the CDR indicator and adjust its positive and negative ranges with the estimation results of the Threshold Autoregressive (TAR)...

In contrast to the conventional conditional mean approaches, this study uses quantile regression techniques to present some new statistical evidence on the links between inflation uncertainty and the level of inflation with cross-sectional data from 90 countries during the period 1961 to 2006....