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The article employs recently developed unknown break tests to characterize the nature of structural instability in inflation persistence and find multiple structural breaks in the persistence of six major US inflation series.
Persistent link: https://www.econbiz.de/10005468374
Employing an advanced bootstrap VAR model with a fixed rolling window, we investigate the causal nexus between insurance activities and banking credit in China. Parameter stability tests show that none of the traditional VAR models have stable parameters, and hence the full sample results are...
Persistent link: https://www.econbiz.de/10010761424