Advances in Non-linear Economic Modeling: Theory and Applications (Dynamic Modeling and Econometrics in Economics and Finance Book 17)

In Recent Years Non-linearities Have Gained Increasing Importance In Economic And Econometric Research, Particularly After The Financial Crisis And The Economic Downturn After 2007. This Book Contains Theoretical, Computational And Empirical Papers That Incorporate Non-linearities In Econometric Models And Apply Them To Real Economic Problems. It Intends To Serve As An Inspiration For Researchers To Take Potential Non-linearities In Account. Researchers Should Be Aware Of Applying Linear Model-types Spuriously To Problems Which Include Non-linear Features. It Is Indispensable To Use The Correct Model Type In Order To Avoid Biased Recommendations For Economic Policy. Frauke Schleer-van Gellecom, Editor. Includes Bibliographical References. Front Matter....Pages I-IX Front Matter....Pages 1-1 Estimating a Banking-Macro Model Using a Multi-regime VAR....Pages 3-40 U.S. Business Cycles, Monetary Policy and the External Finance Premium....Pages 41-114 Early Warning Signals of Financial Stress: A “Wavelet-Based” Composite Indicators Approach....Pages 115-138 Front Matter....Pages 139-139 Least Absolute Deviation Based Unit Root Tests in Smooth Transition Type of Models....Pages 141-166 The Time-Varying Beveridge Curve....Pages 167-204 Bilinear Forecast Risk Assessment for Non-systematic Inflation: Theory and Evidence....Pages 205-232 Currency Crises, Exchange Rate Regimes and Capital Account Liberalization: A Duration Analysis Approach....Pages 233-262