Recent evidence suggests that many economic time series are subject to structural breaks, yet little is known about the properties of alternative forecasting methods for such data. This paper proposes a new method for determining the window size that explores the trade-off between bias and forecast error variance to minimize the mean squared forecast error in the presence of breaks in autoregre...

this research follows two aims in case of the iranian economy. first, study of the presence of inflation persistency, and second, looking for an optimal monetary policy rule. results show that inflation in the economy of iran is persistent, in which, short-term and long-term effects of monetary policy should be considered. for this purpose, a loss function for the central bank with arguments of...

JEL Classifications: I12, J11, N31 This paper documents differences in body size between white, black, and Indian midnineteenth century American men and investigates the socioeconomic and demographic determinants of frame size using a unique data set of Civil War soldiers. It finds that over time men have grown taller and heavier and have relatively less abdominal fat, implying that “modern” ch...

We extend the New Keynesian Monetary Policy literature relaxing the assumption that the decisions are taken by a single policymaker, considering instead that monetary policy decisions are taken collectively in a committee. We introduce a Monetary Policy Committee (MPC), whose members have different preferences between output and inflation variability and have to vote on the level of the interes...

Article history: Received 8 February 2010 Available online 11 February 2010 JEL classification: D50 D51 D53 D61 E40 E50 E51 E52 E58

We examine the long-run relationship between tourism development and economic growth using Nonlinear Autoregressive Distributed Lag (NARDL) model for Bangladesh annual data from 1980-2016. find an asymmetric Bangladesh's economy since a one percent increase in receipt increases by about 0.19 percent. On contrary, due to decline receipt, will decrease 0.66 So, have higher negative impact on than...

This article investigates the impact of renewable energy consumption and natural resource depletion on environmental degradation from 1990 to 2014. The analysis this study is distributed into three parts, developing country analysis, developed complete sample analysis. An insignificant relation has found between in case but vice-versa countries. Fossil fuel a positive significant Renewable nega...

A Search Model of Unemployment and Inflation In this paper, I introduce money in the standard labor-matching model (Mortensen and Pissarides 1999, Pissarides 2000). A double coincidence problem makes Fiat Money necessary as a medium of exchange. In the long-run, a rise in the rate of money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. ...

In this paper the long-run trend in CPI inflation (core inflation) for the US over the 1960– 2000 period is estimated using a common trends model. In this framework, core inflation is interpreted and constructed as the long-run forecast of inflation conditional on the information contained in nominal money growth, output fluctuations and movements in the oil price. Unlike other commonly used me...

There are many factors that could have a potential impact on the growth of a firm. In this research, we examined the relationship between the following economic elements: Size of the firm, Research and development expenditure, Advertisement cost, and the growth of Iranian firms of manufacturing industry. For this purpose, four digit ISIC standard data in manufacturing industry sector have been ...