Modeling pairwise convergence: A Bayesian approach with an application to Greek inflation

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 2
Pages: 340-344

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We propose a methodology for modeling convergence in the presence of transitional dynamics. We explore the dynamic behavior of the difference between two series by allowing the parameters to change across time without imposing any formulation restrictions, using a threshold approach. We adopt an MCMC algorithm to identify the number and the location of the breaks.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:2:p:340-344
Journal Field
General
Author Count
2
Added to Database
2026-01-24