This study used Monte Carlo simulations to study the performance of alternative lag selection criterion for symmetric lag and asymmetric lag vector autoregressive models. Lag models with short lags and with long lags were considered. The alternative criteria considered were the AIC, SIC,...

We suggest a new way of computing the inflation-output variability tradeoff under inflation forecast targeting. Our approach is based on dynamic, stochastic simulations of the average inflation rate over a two-year horizon using the moving average representation of a vector autoregressive (VAR)...

Becker posits the "potential demise" of the undergraduate economics major. In his view, the one-two punches of "preachy" lectures on "uncool" topics are seen as delivering knockout blows to the economics major. I argue that it's not clear that Becker has made a strong case for the impending...