Modeling China's inflation dynamics: An MRSTAR approach

Lingxiang Zhang

Economic Modelling, 2013, vol. 31, issue C, 440-446

Abstract: This paper examines the nonlinearity of China's inflation rate and models its nonlinear dynamics using the multiple-regime smooth transition autoregressive model. The empirical results show that a four-regime logistic smooth transition autoregressive model can be used to model the nonlinear dynamics of China's inflation rate, and the impulse response analysis shows that the effect of shocks is transient and appears to be asymmetrical between the impulse responses to positive and negative shocks.

Keywords: China inflation rate; Multiple-regime smooth transition autoregressive model; Nonlinear dynamics (search for similar items in EconPapers)
JEL-codes: C22 E31 E52 E58 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999312004476
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:31:y:2013:i:c:p:440-446

DOI: 10.1016/j.econmod.2012.12.019

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().