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Evolving UK and US macroeconomic dynamics through the lens of a model of deterministic structural change

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Unsustainable consumption : the structural flaw behind the UK's long boom

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Evolving UK and US macroeconomic dynamics through the lens of a model of deterministic structural change

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Evolving UK and US Macroeconomic Dynamics Through the Lens of a Model of Deterministic Structural Change

Kapetanios, George - 2011

Using a model of deterministic structural change, we revisit several topics in inflation dynamics explored previously using stochastic, time - varying parameter models. We document significant reductions in inflation persistence and predictability. We estimate that changes in the volatility of...

Persistent link: https://www.econbiz.de/10013122034