The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying …

The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying …

considers a particular class of single-equation nonlinear multivariate models called smooth transition regression (STR) models …. Inference in these models, including testing linearity against STR and testing Granger noncausality, is discussed. A modelling … cycle, consisting of the specification, estimation, and evaluation of these models is presented and its different stages …

This paper considers smooth transition regression models and their univariate counterparts, smooth transition … autoregressive models. The model is defined and thereafter, linearity testing, statistical inference in smooth transition models, and … areas of application are discussed. A bivariate application of smooth transition models to testing Granger noncausality …

existing tests of no cointegration and parameter constancy. Smooth transition regressions are chosen to describe the … both tests perform well separately but the joint power is quite low. The most notable result of this study is the high …

factors we evaluate all possible pricing models by the extent to which they describe the data as given by the posterior model …

but possibly nonlinear. Statistical tests indicate that the logarithmed series is nonlinear, and we estimate a Smooth … estimated local spectra and generalized impulse response functions. Our model encompasses models from several previous studies …