This paper examines the role of money supply in determining unemployment rate in Nigeria. We employ a nonlinear … autoregressive distributed lag (NARDL) model to examine the pass-through effect of the growth in money supply into unemployment rate … long-run responses of unemployment rates to the positive and negative money supply growth shocks. Our result suggests that …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries … with high or low unemployment volatility. We find that MS-VAR models seem to provide a better description of the data than … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than …

cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a … exert relatively autonomous monetary policy. -- Chinese monetary policy ; monetary independence ; cointegration …

zwischen geldpolitisch bestimmten Zinsen und längerfristigen Zinsen in den USA und in Deutschland an. Unsere Ergebnisse deuten … USA als auch in Deutschland, allerdings in nicht-linearer und komplexer Form. Drittens schlussfolgern wir, indem wir eine …