Showing 81 - 90 of 499,437
Persistent link: https://www.econbiz.de/10002767494
Persistent link: https://www.econbiz.de/10002609834
This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...
Persistent link: https://www.econbiz.de/10002521054
This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...
Persistent link: https://www.econbiz.de/10002521681
Persistent link: https://www.econbiz.de/10001719792
Persistent link: https://www.econbiz.de/10001641418
Persistent link: https://www.econbiz.de/10001764684
Persistent link: https://www.econbiz.de/10001742614
A strand of exchange rate models postulate exchange rate fluctuations are driven by saddle-path dynamics and the related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle-path, and stationarity dynamics. Monte Carlo results...
Persistent link: https://www.econbiz.de/10001914194
This study compares different methods of calculating the core inflation rate, the latter being taken as the general … price trend, i.e. the persistent component of measured inflation. This price trend is therefore assumed to be free of …) Germany. In addition, the different methods are examined critically from a theoretical perspective, focusing on two types of …
Persistent link: https://www.econbiz.de/10001503208