This paper examines the transmission mechanism through which unconventional monetary policy affects long-term interest rates. I construct a real-time measure summarizing market projections of the magnitude and duration of the Federal Reserve's Large Scale Asset Purchases (LSAP) program, and...

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then develop measures of exogenous shocks that avoid endogeneity and predictability...

<Para ID="Par1">In this paper, some basic properties for negatively superadditive-dependent (NSD, in short) random variables are presented, such as the Rosenthal-type inequality and the Kolmogorov-type exponential inequality. Using these properties, we further study the complete convergence for weighted sums of...</para>

By using a large deviation theory of the stochastic process and the moment information of errors, some large deviation results for the least squares estimator θn in a nonlinear regression model are obtained when errors satisfy some general conditions. For some p1, examples are presented to show...

In this paper, some probability inequalities and moment inequalities for widely orthant-dependent (WOD, in short) random variables are presented, especially the Marcinkiewicz–Zygmund type inequality and Rosenthal type inequality. By using these inequalities, we further study the complete...

In this paper, by relaxing the mixing coefficients to α(n) = O(n <Superscript>−β</Superscript>), β  3, we investigate the Bahadur representation of sample quantiles under α-mixing sequence and obtain the rate as <InlineEquation ID="IEq1"> <EquationSource Format="TEX">$${O(n^{-\frac{1}{2}}(\log\log n\cdot\log n)^{\frac{1}{2}})}$$</EquationSource> </InlineEquation>. Meanwhile, for any δ  0, by...</equationsource></inlineequation></superscript>

We extend the Brunk-Prokhorov strong law of large numbers and obtain a strong growth rate for martingale differences. Some results for demimartingales are also given.