Showing 1 - 10 of 445
Persistent link: https://www.econbiz.de/10011507446
Persistent link: https://www.econbiz.de/10010528671
Persistent link: https://www.econbiz.de/10011341994
To mitigate the socio-economic problems arising from income disparity, a comprehensive view and insights into rural households' behaviors and environment are crucial. This study employs cluster analysis to develop an empirical taxonomy of households' occupations in Thai rural areas and gain...
Persistent link: https://www.econbiz.de/10014513443
We highlight how detrending within Structural Vector Autoregressions (SVAR) is directly linked to the shock identification. Consequences of trend misspecification are investigated using a prototypical Real Business Cycle model as the Data Generating Process. Decomposing the different sources of...
Persistent link: https://www.econbiz.de/10010904257
Detrending within structural vector autoregressions (SVAR) is directly linked to the shock identification. We investigate the consequences of trend misspecification in an SVAR using both standard real business cycle models and bi-variate SVARs as data generating processes. Our bias decomposition...
Persistent link: https://www.econbiz.de/10013004728
We highlight how detrending within Structural Vector Autoregressions (SVAR) is directly linked to the shock identification. Consequences of trend misspecification are investigated using a prototypical Real Business Cycle model as the Data Generating Process. Decomposing the different sources of...
Persistent link: https://www.econbiz.de/10013033395
Persistent link: https://www.econbiz.de/10010410318
Two impediments to effective monetary policy operation include illiquidity in bond markets and the move towards the zero bound of interest rates. Either or both of these scenarios have been evident in many countries in the last decade, raising the suggestion that alternative means of enacting...
Persistent link: https://www.econbiz.de/10005532854
This paper considers Beveridge-Nelson decomposition in a context where the permanent and transitory components both follow a Markov switching process. Our approach insorporates Markov switching into a single source of error state-space framework, allowing business cycle asymmetries and regime...
Persistent link: https://www.econbiz.de/10005532855