IV ECM Threshold Cointegration Tests and Nonlinear Monetary Policy in Korea

IV ECM Threshold Cointegration Tests and Nonlinear Monetary Policy in Korea

The goal of this paper is to examine the validity of nonlinear Taylor rules in Korea. To perform our tests, we utilize new IV ECM threshold cointegration tests that are invariant to nuisance parameters. The new tests have a standard chi-square distribution and the same critical values can be used th...

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Bibliographic Details
Main Authors: Walter Enders, Lee, Jun soo, Marck C. Strazicich
Format: Article
Language:English
Published: Korea Development Institute 2007-12-01
Series:KDI Journal of Economic Policy
Subjects:
Monetary Policy(통화정책)
Korea(한국)
Taylor Rule(테일러 룰)
Threshold Cointegration(분계점 공적분)
Online Access:https://doi.org/10.23895/kdijep.2005.29.2.135

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