Macroeconomic dynamics and inflation regimes in the U.S. Results from threshold vector autoregressions

This paper studies regime dependence in macroeconomic dynamics in the U.S. using a threshold vector autoregressive model in which endogenous regime switches are triggered by the inflation rate. The model separates a high from a low inflation regime with both regimes being strongly persistent. Genera...

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書誌詳細
出版年:MAGKS - Joint Discussion Paper Series in Economics (Band 12-2010)
第一著者: Mandler, Martin
フォーマット: Arbeit
言語:英語
出版事項: Philipps-Universität Marburg 2010
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