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Smooth transitions in macroeconomic relationships

The purpose of this thesis is to explore the possibilities and advantages of describing macroeconomic relationships with a certain well-defined class of parametric nonlinear econometric models, called smooth transition regressions (STR). An STR model is a flexible nonlinear specification with a continuum of regimes. It is locally linear transitions from one extreme regime to another are determined by a function of a continuous variable, the transition variable.The thesis consists of four essays and the macroeconomic relationships that are considered are: Consumption, Money Demand and the Phillips Curve. The essays of this dissertation emphasise the importance of allowing for a flexible functional form when dealing with macroeconomic relationships. / Diss. Stockholm : Handelshögsk.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:hhs-638
Date January 1999
CreatorsEliasson, Ann-Charlotte
PublisherHandelshögskolan i Stockholm, Ekonomisk Statistik (ES), Stockholm : Economic Research Institute, Stockholm School of Economics (Ekonomiska forskningsinstitutet vid Handelshögsk.) (EFI)
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeDoctoral thesis, comprehensive summary, info:eu-repo/semantics/doctoralThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

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