, estimatedshrinkage, and no nonlinearity. Then I entertain alternative specifications of the zerolower bound: replace the federal funds … dealwith the nonlinearity in the policy rate. Since the policy rate will remain low for sometime, these findings could prove …

Sisällysluettelo: Kari Takala Studies in time series analysis of consumption, asset prices and forecasting 11 Kari … seven papers deals with three different areas of econometric applications: consumption, asset prices, and forecasting … consumption theories and formulates an error-correction forecasting model for consumption.A single cointegration relationship is …

variancefunctions. In a genuine out-of-sample forecasting experiment theperformance of the best fitted asMA-asQGARCH model is compared … topure asMA and no-change forecasts. This is done both in terms ofconditional mean forecasting as well as in terms of risk … forecasting. …

, estimated shrinkage, and no nonlinearity. Then I entertain alternative specifications of the zero lower bound: replace the … interest rate expectations to deal with the nonlinearity in the policy rate. Since the policy rate will remain low for some …