20.500.12556/DKUM-23578 Analysing inflation for Germany in a non-linear framework: the smooth transition regression approach This paper studies a well-known monetary model of the inflation process. The monetary approach to inflation control is investigated by employing an equation describing the monetary system augmented by a Phillips curve and the equation from Okun's law. This simple three-equation model is specified in the non-linear framework with the use of the smooth transition regression. The coefficients in a smooth transition regression model are assumed to be continuous functions of a properly chosen transition variable. The resulting non-linear model thus captures the structural changes in the relationships between the observed economic variables. From the inspection of dynamic properties, asymmetric policy reactions can be derived. regresijske analize inflacija enačbe modeli ekonometrija matematična ekonomija true false false Angleški jezik Angleški jezik Neznano 2012-05-28 09:06:49 2012-05-28 09:06:49 2022-04-14 03:42:36 2024-01-01 03:12:32 2008 0 0 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 51-7 9715484 Y505-480X URN:SI:UM:DK:CS8MAWQ4 http://www.ejournalnet.com/economy/volume-3/economy-3-9.swf 1 https://dk.um.si/Dokument.php?lang=slv&id=30910 Ekonomsko-poslovna fakulteta 0 0 0