Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "nonlinear models"
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Credibility and Signaling in Disinflation- a Cross Country Examination
(Université de Montréal. Département de sciences économiques., 1997)This paper develops a model of money demand where the opportunity cost of holding money is subject to regime changes. The regimes are fully characterized by the mean and variance of inflation and are assumed to be the result of alternative government ... -
Explaining the Persistence of Commodity Prices
(Université de Montréal. Département de sciences économiques., 1997)This paper extends the Competitive Storage Model by incorporating prominent features of the production process and financial markets. A major limitation of this basic model is that it cannot successfully explain the degree of serial correlation observed ...
