Non-slowing economic growth rate of inflation (NSEGRI): regression modelling

Autor:	Robert M. Nizhegorodtsev, Nina P. Goridko
Rok vydání:	2016
Předmět:	Inflation 050208 finance media_common.quotation_subject 05 social sciences Regression analysis Phase plane Nonlinear system Control and Systems Engineering Dummy variable Inflation rate 0502 economics and business Econometrics Trajectory Economics 050207 economics Extreme point media_common
Zdroj:	IFAC-PapersOnLine. 49:283-288
ISSN:	2405-8963
DOI:	10.1016/j.ifacol.2016.07.618
Popis:	The paper provides modeling of nonlinear relationship between the GDP growth and inflation rate for a long-run period of the US economy. The adequate models using dummy variables were obtained for several middle-run periods including the recessionary one. The envelope curve approximating long-run movement of extreme points in the phase plane was obtained using the partial middle-run models. The study provides an efficient diagnostic tool of the economy’s current state and an instrument of forecasting its future trajectory.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::836e94f33859ca782c275f160a45566d https://doi.org/10.1016/j.ifacol.2016.07.618 Zobrazit plný text záznamu