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researchers on productivity issues, trends and developments in Canada and other countries. The Monitor will also serve as a … eight articles on a wide range of productivity topics. There are the new economy and trend productivity growth in Canada …, the renaissance of service sector productivity in the United States, a regional comparison of U.S-Canada standards of …
Persistent link: https://www.econbiz.de/10005650237
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adjustments of interest rates to the rate of change in the general price level. However, F.R. Macaulay showed that, since the … delays found by Fisher go up far in the past, this implies a necessary correlation between the price level and the weighted … average of past rates of change in the price level found by Fisher. This arises the following question: does the correlation …
Persistent link: https://www.econbiz.de/10005078953
This paper analyses Cape Verde's exchange rate policy and investigates whether viable alternatives exist. Cape Verde currently operates a fixed exchange rate regime which, since 1999, links the national currency to the euro. The fixed exchange rate has many benefits, but authorities have to...
Persistent link: https://www.econbiz.de/10009276982
We consider the problem of testing whether the observations X1, · · ·, Xn of a time series are independent with unspecified (possibly nonidentical) distributions symmetric about a common known median. Various bounds on the distributions of serial correlation coefficients are proposed:...
Persistent link: https://www.econbiz.de/10005100838
We propose methods for testing hypothesis of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005100843
The paper presents the research results on detection of structural breaks in copula models of multivariate time-series. A nonparametric method of structural break identification and estimation is used and its asymptotic characteristics (probabilities of the I and II-type errors, probability of...
Persistent link: https://www.econbiz.de/10009018538
Persistent link: https://www.econbiz.de/10000729300