<title>Abstract</title> Unit-root testing strategies are unnecessarily complicated because they do not exploit prior knowledge of the growth status of the time series, they worry about unrealistic outcomes, and they double- or triple-test for unit roots. The authors provide a testing strategy that cuts through...

Following the International Conference on “Oil Price Forecasts and Trends” organized by FEEM on May 23-24, 2013, Re3 interviews energy experts Bahattin Buyuksahin, Leo Drollas, John Elder, Wincenty Kaminski, Charles F. Mason and James Smith on the key issues of oil price forecasts and...

Demand for social protection is growing in low income countries and fragile situations. In recent years, the success of social protection (SP) interventions in middle income countries (MICs) like Brazil and Mexico, along with the series of food, fuel, and financial crises, has prompted...

This paper examines the effects of inflation uncertainty on real economic activity by utilizing a flexible, dynamic, multivariate framework that accommodates possible interaction between the conditional means and variances. The empirical model is based on a familiar identified vector...

This paper proposes a computationally simple bivariate zero-inflated count data regression model with an unrestricted correlation pattern. An application to data with excess of zeros on the demand for health services is given.

The failure of decreases in oil prices to produce expansions that mirror the contractions associated with higher oil prices has been a topic of considerable interest. We investigate for the G-7 one explanation for this feature - the role of uncertainty about oil prices. In particular, we examine...