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Testing Steady-State Implications for the NAIRU
Bårdsen, Gunnar; Nymoen, Ragnar - 2000
Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price model. We derive the parameter restrictions that secure that...
Persistent link: https://www.econbiz.de/10012143566
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The Return of the Original Phillips curve? An Assessment of Lars E. O. Svensson's Critique of the Riksbank's Inflation Targeting, 1997-2012
Andersson, Fredrik N. G.; Jonung, Lars - Nationalekonomiska Institutionen, Ekonomihögskolan - 2014
We examine Lars E O Svensson's prominent critique of the monetary policy of the Sveriges Riksbank (the Swedish central bank) from 1995-2012. Our main objection concerns Svensson's conclusion that the original pre-Friedman/Phelps version of the Phillips curve based on constant inflation...
Persistent link: https://www.econbiz.de/10011019080
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Testing Steady-State Implications for the NAIRU
Bårdsen, Gunnar; Nymoen, Ragnar - Institutt for Samfunnsøkonomi, Norges … - 2000
Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price model. We derive the parameter restrictions that secure that...
Persistent link: https://www.econbiz.de/10005573916
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Conditional systemic risk with penalized copula
Okhrin, Ostap; Ristig, Alexander; Sheen, Jeffrey R.; … - 2015
, conditional quantiles are specified via hierarchical Archimedean copula. The parameters and structure of this copula are …
Persistent link: https://www.econbiz.de/10011309638
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Conditional systemic risk with penalized copula
Okhrin, Ostap; Ristig, Alexander; Sheen, Jeffrey R.; … - 2015
, conditional quantiles are specified via hierarchical Archimedean copula. The parameters and structure of this copula are …
Persistent link: https://www.econbiz.de/10011380687
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Copulas for finance
Bouye, Eric; Durlleman, Valdo; Nikeghbali, Ashkan; … - Volkswirtschaftliche Fakultät, … - 2000
random variables. However, the concept of copula is not popular in Finance. In this paper, we show that copulas can be …
Persistent link: https://www.econbiz.de/10011114301
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Exploring Okun's law asymmetry: An endogenous threshold LSTR approach
Christopoulos, Dimitris; McAdam, Peter; Tzavalis, Elias - 2019
smoothed transition regression (LSTR) model where possible threshold endogeneity is addressed based on copula theory. We also …
Persistent link: https://www.econbiz.de/10012389548
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Exploring Okun's law asymmetry : an endogenous threshold LSTR approach
Christopulos, Dēmētrēs K.; McAdam, Peter; Tzavalis, Elias - 2019
smoothed transition regression (LSTR) model where possible threshold endogeneity is addressed based on copula theory. We also …
Persistent link: https://www.econbiz.de/10012135950
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The utilization of copula in hidrology
Trandafir, Romica; Ciuiu, Daniel; Drobot, Radu - Volkswirtschaftliche Fakultät, … - 2010
parameter θ of the connecting copula for the water maximum discharges and water volumes are obtained. The isolines for C …
Persistent link: https://www.econbiz.de/10009294675
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Estimating the NAIRU in Australia
Ruberl, Heather; Ball, Meika; Lucas, Larissa; … - 2021
The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is a variable of interest to policy makers as it provides an estimate of the degree of labour market slack in the economy. However, the NAIRU is unobservable, and must be estimated using statistical models. This is most commonly...
Persistent link: https://www.econbiz.de/10012511675