Linear regression models for de facto exchange rate regime classification are complemented by inferential techniques for evaluating the stability of the regimes. To simultaneously assess parameter instabilities in the regression coefficients and the error variance an (approximately) normal...

Statistical graphics are often augmented by the use of color coding information contained in some variable. When this involves the shading of areas (and not only points or lines)--e.g., as in bar plots, pie charts, mosaic displays or heatmaps--it is important that the colors are perceptually...

The performance of subspace algorithm cointegration analysis is discussed in detail by means of both a simulation study, as well as an empirical investigation of the expectations hypothesis of the term structure on four interest rate and bond yield data sets. A new better performing order...