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This study analyses the inherent evolution dynamics of economic activity and global oil prices in China using the tools of wavelet and wavelet-based VAR-GARCH-BEKK model. Besides, the Wavelet-Granger causality test of Olayeni (2016) provides us further insights into the magnitude and direction...
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We modify the Laubach-Williams and Holston-Laubach-Williams models of the natural rate of interest to account for time-varying volatility and a persistent COVID supply shock during the pandemic. Resulting estimates of the natural rate of interest in the United States, Canada, and the Euro Area...
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inflows and economic growth of Pakistan, using the techniques of Johansen Cointegration and VECM model. For testing two way … check the stationarity status of variables included in dataset. Later Johansen Cointegration test has been applied twice for … checking the strength of Cointegration. The results of VECM and system equation model show that the first model is more …
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