Non-linear error correction and the UK d
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Timo Teräsvirta; 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
⚖ 120 KB
## Abstract In this paper we reconsider an error‐correction model of UK broad money demand by Ericsson, Hendry and Prestwich. Their model is non‐linear in both variables and parameters, and it can be viewed as an approximation to a smooth transition regression (STR) type specification. The correspo