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, estimated shrinkage, and no nonlinearity. Then I entertain alternative specifications of the zero lower bound: replace the … interest rate expectations to deal with the nonlinearity in the policy rate. Since the policy rate will remain low for some …
Persistent link: https://www.econbiz.de/10011306293
Can information on macroeconomic uncertainty improve the forecast accuracy for key macroeconomic time series for the US? Since previous studies have demonstrated that the link between the real economy and uncertainty is subject to nonlinearities, I assess the predictive power of macroeconomic...
Persistent link: https://www.econbiz.de/10011918367