No CrossRef data available.
Article contents
OVERVIEW OF NONLINEAR MACROECONOMETRIC EMPIRICAL MODELS
Published online by Cambridge University Press: 21 November 2002
Abstract
A survey of nonlinear multivariate macro empirical models is attempted. Although theory may suggest that nonlinearity is to be expected, empirical studies have difficulty in discovering strong consistent effects. Regime switching techniques appear to be the most successful and evidence of nonlinearity is most found for interest rates. Most of the studies emphasize model fitting rather than model evaluation, which limits their usefulness.
Keywords
- Type
- Research Article
- Information
- Copyright
- © 2001 Cambridge University Press