Search Results - subject:"Smooth Transition"

Uncertainty and the Federal Reserve's balance sheet monetary policy

Colombo, Valentina; Paccagnini, Alessia - 2024

This study assesses the impact of financial uncertainty shocks in the US and explores the influence of monetary policy. Using a nonlinear Vector Autoregressive model, incorporating short-term interest rates and the Federal Reserve's balance sheet policy, we find that the reaction of the monetary...

Persistent link: https://www.econbiz.de/10014482666

The role of information and communication technology (ICT) in the relationship between information asymmetry and financial development : new evidence based on the PSTR model

Rezagholizadeh, Mahdieh; Aghaei, Majid; Kebria, Atefeh … - In: Revista de métodos cuantitativos para la economía y … 38 (2024), pp. 1-21

development. Using ICT as the transition variable, this research employs the panel smooth transition regression (PSTR) model to …

Persistent link: https://www.econbiz.de/10015332233

The nexus between employee happiness and company performance

Papainog, Maria-Teodora - In: Financial studies 28 (2024) 4, pp. 43-69

reference period 2013-2022 were collected from the ORBIS platform. Quantile regression and panel smooth transition regression …

Persistent link: https://www.econbiz.de/10015374779

Spot-futures price adjustments in the Nikkei 225: linear or smooth transition? Financial centre leadership or home bias?

Qin, Jieye; Green, Christopher J.; Sirichand, Kavita - In: Journal of Risk and Financial Management 16 (2023) 2, pp. 1-31

This paper studies price discovery in Nikkei 225 markets through the nonlinear smooth transition price adjustments … between spot and future prices and across all three futures markets. We test for smooth transition nonlinearity and employ an … exponential smooth transition error correction model (ESTECM) with exponential generalised autoregressive conditional …

Persistent link: https://www.econbiz.de/10014332864

Hawks vs. Doves: ECB's monetary policy in light of the Fed's policy stance

Hauzenberger, Niko; Huber, Florian; Zörner, Thomas - 2023

through a smooth transition function. This assumption allows us to examine how the dynamic responses of financial market …

Persistent link: https://www.econbiz.de/10014476241

How does inflation in advanced economies affect emerging market bond yields? Empirical evidence from two channels

Kim, Sei-Wan; Park, Donghyun; Tian, Shu - 2023

employing a novel multivariable smooth transition autoregressive- vector autoregressive (STAR-VAR) model. Our empirical analysis …

Persistent link: https://www.econbiz.de/10014549390

Optimal inflation-growth threshold: A case of the WAMZ member states

Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Adeleke, … - 2023

This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the WAMZ over the period 1996-2021. Although there is large empirical literature on this subject, however, previous studies on the WAMZ economies generally focused on exogenous approaches of...

Persistent link: https://www.econbiz.de/10014560171

Does the level of financial development matter for the fiscal response? A PSTR approach for the EU and selected OECD countries

Bökemeier, Bettina; Stoian, Andreea; Owusu, Benjamin - 2023

, European Union (EU) members and OECD countries from 2000 to 2019. Applying the panel smooth transition regression to separate …

Persistent link: https://www.econbiz.de/10014565945

Financial development, political instability, trade openness and growth in Brazil : evidence from a new dataset, 1890-2003

Campos, Nauro; Glebkina, Ekaterina; Karanasos, Menelaos; … - In: Open economies review 34 (2023) 4, pp. 831-861

Persistent link: https://www.econbiz.de/10014383605

The demand for money and the real exchange rate misalignments in emerging European countries : a nonlinear approach

Uz Akdogan, Idil - In: Bulletin of economic research 75 (2023) 3, pp. 776-807

Persistent link: https://www.econbiz.de/10014364248