..., is this relationship linear or nonlinear? Third, is the effect different in SSA compared with the full sample? Finally, what policy recommendations can be offered to policy-makers? The rest of this paper will be divided as follows. Section 2 reviews the literature and provides stylized facts, Section 3 describes...

... volatility to evaluate the sign and size of uncertainty shocks. The authors use a nonlinear DSGE model to gain deeper insights about the transmission mechanism of monetary policy uncertainty. Findings The authors show that monetary policy volatility is high and constant. Both inflation and interest rates...

...Yuqin Zhang; Abdol S. Soofi; Shouyang Wang Purpose This study seeks to explore the nature of a data‐generating process for four dollar exchange rates. Design/methodology/approach Using a discrete parametric modeling approach, an efficient test statistic was computed for nonlinearity in terms...