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Title:Analysing inflation for Germany in a non-linear framework: the smooth transition regression approach
Authors:ID Kavkler, Alenka (Author)
ID Festić, Mejra (Author)
Files:URL http://www.ejournalnet.com/economy/volume-3/economy-3-9.swf
 
Language:English
Work type:Unknown
Typology:1.01 - Original Scientific Article
Organization:EPF - Faculty of Business and Economics
Abstract: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.
Year of publishing:2008
PID:20.500.12556/DKUM-23578 New window
UDC:51-7
ISSN on article:Y505-480X
COBISS.SI-ID:9715484 New window
NUK URN:URN:SI:UM:DK:CS8MAWQ4
Publication date in DKUM:28.05.2012
Views:1487
Downloads:53
Metadata:XML DC-XML DC-RDF
Categories:Misc.
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Record is a part of a journal

Title:Journal of international research publications
Publisher:Science Invest Ltd
COBISS.SI-ID:8998684 New window

Secondary language

Language:English
Keywords:regresijske analize, inflacija, enačbe, modeli, ekonometrija, matematična ekonomija


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