Non-linear error correction and the UK d
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Timo TerΓ€svirta; Ann-Charlotte Eliasson
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Article
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2001
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John Wiley and Sons
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English
β 120 KB
## Abstract In this paper we reconsider an errorβcorrection model of UK broad money demand by Ericsson, Hendry and Prestwich. Their model is nonβlinear in both variables and parameters, and it can be viewed as an approximation to a smooth transition regression (STR) type specification. The correspo