Chen, Pu; Semmler, Willi - In: Nonlinearities in economics : an interdisciplinary …, (pp. 315-335). 2021
-rate-cut regime than in the rate-cut regime. A macro-foundation of such a Finance-Macro model type is given in Mittnik and Semmler (J … horizon context, borrow and accumulate assets where however the above two scenarios may occur. The model is solved through … nonlinear model predictive control (NMPC). Empirically we use a multi-regime cointegrated VAR (MRCIVAR) to study the impact of …