In this study, we investigate relative performance of various non-linear models against that of an autoregressive model in forecasting future inflation. We find that non-linear models have trivial forecast superiority over the univariate autoregressive model in terms of central forecast...

In this paper, we study the role of institutional quality in the cyclicality of macroeconomic policies of transition economies. Using annual data over 1996-2013, we find that the quality of institutions play a significant role in their ability to carry out counter-cyclical macroeconomic policy....

In this paper, we study the role of institutional quality in the cyclicality of macroeconomic policies of transition economies. Using annual data over 1996-2013, we find that the quality of institutions play a significant role in their ability to carry out counter-cyclical macroeconomic policy....

The paper is devoted to investigating the determinants of inflation in Azerbaijan through applying co integration modeling. Inflationary pressures have heightened in the Azerbaijan during 2006-2008. Inflation in Azerbaijan appears to be the most relevant external shock. In addition, oil revenues...

The study, I investigate the cyclicality properties and relative effectiveness of monetary and fiscal policy for 13 oil exporting country during 1993-2011 by pool model. The paper presents evidence that supports the link between an Index of Institutitunal Quality (law and order, government...

The study, I investigate the cyclicality properties and relative effectiveness of monetary and fiscal policy for 13 oil exporting country during 1993-2011 by pool model. The paper presents evidence that supports the link between an Index of Institutitunal Quality (law and order, government...

The study, I investigate the cyclicality properties and relative effectiveness of monetary and fiscal policy for 13 oil exporting country during 1993-2011 by pool model. The paper presents evidence that supports the link between an Index of Institutitunal Quality (law and order, government...