The estimated real neutral rate shows a downward trend following 2008 starting from approximately 4 percent, reaching negative values during the onset of the pandemic in 2020, and since then, steadily ...

Model selection and associated issues of post-model selection inference present well known challenges in empirical econometric research. These modeling issues are manifest in all applied work but they ...

This paper studies the underlying determinants of inflation dynamics in Yemen using three different approaches: (i) a single equation model, (ii) a Structural Vector Autoregression Model, and (iii) a ...

This paper examines the transmission of changes in the U.S. monetary policy to localcurrency sovereign bond yields of Brazil and Mexico. Using vector error-correction models, we find that the U.S.

Paul Turner, Testing for Cointegration Using the Johansen Approach: Are We Using the Correct Critical Values?, Journal of Applied Econometrics, Vol. 24, No. 5 (Aug., 2009), pp. 825-831 ...