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A Dynamic Factor Approach to Nonlinear Stability Analysis
Shintani, Mototsugu - Econometric Society - 2004
. The evidence suggests the possibility of nonlinearity in the U.S. while it excludes the class of nonlinearity that can … generate endogenous fluctuation or chaos …
Persistent link: https://www.econbiz.de/10005130249
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How Can We Define the Long Memory Concept? An Econometric Survey
Guegan, Dominique - Econometric Society - 2004
The possibility of confusing long memory behavior with structural changes need to specify what kind of long memory behavior is concerned in literature and applications. One attraction of long memory models is that they imply different long run predictions and effects of shocks to conventional...
Persistent link: https://www.econbiz.de/10005063626
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Endogenous Fluctuations in Open Economies: the Perils of Taylor Rules Revisited
Airaudo, Marco; Zanna, Luis-Felipe - Econometric Society - 2004
, cycles and chaos. More importantly we find that there is an interesting interaction between the relative risk aversion coeï … into cycles and chaos, the higher the degree of openness of the economy is. Although the perils of Taylor rules are evident …
Persistent link: https://www.econbiz.de/10005699586