Some evidence of smooth transition nonlinearity in Colombian inflation

Evidence of smooth transition autoregressive (STAR) representations is found in two, out of three, time series of different measures of annual inflation in Colombia during this decade for monthly data. The STAR-type nonlinearities are asymmetric for infla

Detalles Bibliográficos
Autores Principales: Arango-Thomas, Luis Eduardo, González-Gómez, Andrés
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 1998
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/5123
Descripción
Sumario:Evidence of smooth transition autoregressive (STAR) representations is found in two, out of three, time series of different measures of annual inflation in Colombia during this decade for monthly data. The STAR-type nonlinearities are asymmetric for infla