A Multivariate Unobserved Components Model Of Cyclical Activity
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A Multivariate Unobserved Components Model Of Cyclical Activity
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Author : Alasdair Scott
language : en
Publisher:
Release Date : 2000
A Multivariate Unobserved Components Model Of Cyclical Activity written by Alasdair Scott and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business cycles categories.
A Multivariate Unobserved Components Model Of Cyclical Activity
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Author : Alasdair M. Scott
language : en
Publisher:
Release Date : 2005
A Multivariate Unobserved Components Model Of Cyclical Activity written by Alasdair M. Scott and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
This paper presents results from the estimation of a multivariate unobserved components model of cyclical activity. The model is motivated by a desire to let the data speak as much as possible, and hence to avoid imposing ad hoc and unjustifiable assumptions about trends and cycles. Estimated over the period 1970:1 to 1999:3 via the Kalman filter and maximum likelihood, the model identifies a common, trend-reverting component to real output, unemployment and capacity utilisation. The structure of the model allows an interesting factor interpretation to be put on the estimate of the output gap. These estimates are consistent with priors, but there is no consistent match to any one simple smoother such as the HP filter.
A Multivariate Unobserved Components Model Of Cyclical Activity
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Author : Alasdair Scott
language : en
Publisher:
Release Date : 2000
A Multivariate Unobserved Components Model Of Cyclical Activity written by Alasdair Scott and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business cycles categories.
An Unobserved Components Model That Yields Business And Medium Run Cycles
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Author : Jun Ma
language : en
Publisher:
Release Date : 2014
An Unobserved Components Model That Yields Business And Medium Run Cycles written by Jun Ma and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
We generalize the Unobserved Components (UC) model to allow the permanent component to have different dynamics than the transitory components when decomposing US economic activity using a multivariate UC model of (log) output, consumption and investment. We find that these proposed dynamics in the permanent component are statistically significant and distinct from those of the transitory components. Our approach provides an alternative explanation for the growth cycles identified by Comin and Gertler (2006) that is related to the cyclical movements in technology, in a framework consistent with the Beveridge-Nelson (1981) decomposition.
Monetary Policy In Transition
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Author : Olivier Basdevant
language : en
Publisher: Nova Publishers
Release Date : 2005
Monetary Policy In Transition written by Olivier Basdevant and has been published by Nova Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Monetary policy faces a particularly difficult task in most economies going through structural reforms: having to stabilise fluctuations around the trend, central banks have also to deal with a trend that is itself subjected to shifts, as a result of reforms. This book proposes some perspectives on these issues, with various contributions from both practitioners and academics, emphasising how rather simple techniques can be conveniently used to solve complex problems. Several issues are hence considered, each emphasising a particular aspect of the theme proposed: (i) forecasting inflation, with the experience of the Reserve Bank of New Zealand being taken as an example, since this country went through drastic structural change, (ii) understanding underlying trends of inflation, focusing on expectations and data revision, wage-bargaining process and more generally supply effects, since structural change magnifies them, (iii) formulating policy recommendations, the example taken is the strategy towards the euro for Eastern European countries and (iv) assessing risks of sudden stops.
From Many Series One Cycle
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Author : Charles A. Fleischmann
language : en
Publisher:
Release Date : 2011
From Many Series One Cycle written by Charles A. Fleischmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
From Many Series One Cycle
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Author : Charles A. Fleischman
language : en
Publisher:
Release Date : 2011
From Many Series One Cycle written by Charles A. Fleischman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
The Multivariate Simultaneous Unobserved Components Model And Identification Via Heteroskedasticity
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Author : Mengheng Li
language : en
Publisher:
Release Date : 2019
The Multivariate Simultaneous Unobserved Components Model And Identification Via Heteroskedasticity written by Mengheng Li and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
We propose a multivariate simultaneous unobserved components framework to determine the two-sided interactions between structural trend and cycle innovations. We relax the standard assumption in unobserved components models that trends are only driven by permanent shocks and cycles are only driven by transitory shocks by considering the possible spillover effects between structural innovations. The direction of spillover has a structural interpretation, whose identification is achieved via heteroskedasticity. We provide identifiability conditions and develop an efficient Bayesian MCMC procedure for estimation. Empirical implementations for both Okun's law and the Phillips curve show evidence of significant spillovers between trend and cycle components.
New Topics In Emerging Markets
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Author :
language : en
Publisher: BoD – Books on Demand
Release Date : 2024-01-24
New Topics In Emerging Markets written by and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-24 with Business & Economics categories.
Unlock the future of global economics and business with New Topics in Emerging Markets. This captivating edited volume is your gateway to understanding the dynamic forces shaping economies on the rise. Delve into critical themes like financial resilience in times of crisis, the impact of technology in Sub-Saharan Africa, the evolving landscape of education in the metaverse, and much more. With diverse insights from leading minds, this book explores the intricacies of banking, innovation ecosystems, leadership in sports, and the ever-changing realm of e-commerce in a Web3 world. Gain a deeper understanding of emerging markets and their pivotal role in the global landscape. Whether you are a seasoned expert or just starting your journey in economics and business, this book offers a thought-provoking and accessible exploration of the challenges and opportunities that define the future. Don’t miss your chance to stay ahead of the curve – grab your copy today and embark on a journey into the heart of emerging markets.
Brookings Papers On Economic Activity 2002
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Author : William C. Brainard
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12
Brookings Papers On Economic Activity 2002 written by William C. Brainard and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12 with Business & Economics categories.
Subscribe to "Brookings Papers on Economic Activity" For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.