This paper examines the importance of credit market shocks in driving global business
cycles over the period 1988: 1–2009: 4. We first estimate common components in various …

内容提要: 本文从金融加速器理论出发, 运用门限向量自回归(TVAR) 模型在宏观层面上对中国
信贷市场与宏观经济波动的非线性关联展开实证研究. 通过非线性脉冲响应函数的检验结果我们 …

Only a few empirical studies have analyzed the relationship between fiscal multipliers and
the underlying state of the economy. This paper investigates this link on a country-by-country …

The output effects of 2009 fiscal expansions have been hotly debated. But the discussion of
fiscal multipliers is even more relevant now that several European countries have had to …

Threshold autoregression in economics Page 1 Statistics and Its Interface Volume 4 (2011)
123–127 Threshold autoregression in economics Bruce E. Hansen∗ The impact of Howell …

We investigate the effects of government spending on US output with a threshold structural
vector autoregressive model. We consider Bayesian model comparison and generalized …

This paper examines the pattern of excess liquidity in sub-Saharan Africa and its
consequences for the effectiveness of monetary policy. The paper argues that …

This study examines the relationship between renewable and nuclear energy consumption,
carbon dioxide emissions and economic growth by using the Granger causality and non …

While there exists numerous studies on the macroeconomic effects of oil and commodity
shocks, the literature is quite silent on the impact of macroeconomic uncertainty on oil and …

We use a threshold VAR analysis to study the linkages between changes in the debt ratio,
economic activity and financial stress within different financial regimes. We use quarterly …