Inversion of the yield curve has come to be viewed as a leading recession indicator. Unsurprisingly, some recent instances of inversion have attracted attention from economic commentators and policymakers about possible impending recessions. Using a variety of time series models and recent...

In common with international trends, both New Zealand (NZ) and Australia have substantially reformed the structure and regulatory regimes for their respective electricity industries. Deregulation and privatisation have been key elements of the reforms. The restructuring sought to create a...

In this chapter, a vector subset autoregressive process is fitted using a block modified Choleski decomposition method and a leaps-and-bounds algorithm to attain the best subset autoregression for each size (number of non-zero coefficient matrices). Model selection criteria are then employed to...