Showing 1 - 5 of 5
This note studies exchange rate pass-through to the prices of domestically produced goods, exploring the firm-level pricing survey conducted by the Bank of Korea. The data reveal the imported inputs channel of, as well as nonlinear and asymmetric, exchange rate-pass-through.
Persistent link: https://www.econbiz.de/10010939504
This paper investigates nonlinear effects of government debt on private consumption. The estimated consumption function shows smooth regime switching depending on the debt-to-GDP ratio, and a higher level of government debt crowds out private consumption to a greater extent.
Persistent link: https://www.econbiz.de/10010729469
Recently, a new test for nonlinearity and chaos was proposed, the noise titration technique. I discuss in this paper … assessments exist, both simulated and real data. Compared to other tests for nonlinearity and chaos I find that this approach …
Persistent link: https://www.econbiz.de/10010678806
Linearity testing against smooth transition autoregressive (STAR) models when deterministic trends are potentially present in the data is considered in this work. Our findings show, in contrast to results recently reported in Zhang (2012), that linearity tests against STAR models lead to useful...
Persistent link: https://www.econbiz.de/10010580492
Monetary policy may constitute a short-term explanation of the non-linearity in the relationship between oil prices and …
Persistent link: https://www.econbiz.de/10011041710