Herwartz, Helmut; Weber, Henning - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2008
, smooth transition, Kalman filter
Christian Albrechts University Kiel, Institute of Statistics and Econometrics … area trade
already in 1998 and interpret this increase as anticipation effects. Smooth transition is
flexible enough to … conventional model, smooth transition has the potential
to reflect delayed and gradual adjustment as well as long run effects …