The authors use monthly data from May 1973 to December 1991 to estimate a textbook version of the monetary model of the nominal exchange rate determination. They use a modified version of the Phillips and Loretan (1991) Two-Sided Dynamic Least Squares. This method accounts for the serial...

This paper analyzes how the interaction of public and private debt influences economic growth. Both debt variables are treated as endogenous and subject to regime switch, with the interaction term being the threshold variable. We test whether this interaction variable causes a nonlinear...