the cycle. This paper uses markov regime-switching models with fixed and duration dependent transition probabilities to …

sources of the rise and fall of the Great Inflation from the late 1960s to the early 1980s and of the Great Moderation of …

volatility state whilst others have estimated regime switching models that indicate low volatility regime states have dominated … of various GARCH models of real GDP growth are also provided to further examine shorter term volatility features of the … Australian economy that are associated with its business-cycle. A regime shift dummy is maintained in all models of the …

presence of a few outliers, (ii) strong effects on n resulting from the form of the regularization part of the power law kernel …

models based on this assumption typically fail to capture the dynamics of the economy unless mechanical sources of … exchange rate dynamics that are consistent with empirical models but which are absent in standard theoretical models. Third …Expectations of the future play a key role in the transmission of monetary policy. Over recent years, a lot of …

society’s education level. This research analyzes the dynamics of dropout during the school cycle and, at the same time …

This working paper comments on Monika Piazzesi and Martin Schneider's 'Bond Positions, Expectations, and the Yield …

The proposition that inflation expectations can be extracted as inflation predictions from the government bond yield …