Volume 8, Issue 2 (2016) | American Journal of Economics and Business Administration

Study on the Relationship between International and Domestic Grain Prices in Developing Countries—An Application of Markov-Switching Autoregressive Model—

Shuqin Yan — 2016-07-31

American Journal of Economics and Business Administration, Published online: 31 July 2016; doi:10.3844/ajebasp.2016.44.52

This study aims at estimating the influence of international grain prices on the domestic grain prices in 24 developing countries using a nonlinear model, Markov-Switching Autoregressive model. The re...

Monetary Policy in a Markov-Switching VECM: Implications for the Cost of Disinflation in Ghana

Richard Kwabi Ayisi — 2017-03-18

American Journal of Economics and Business Administration, Published online: 18 March 2017; doi:10.3844/ajebasp.2016.53.61

Monetary policy assessment in Ghana has been conducted using vector auto-regression. This however, presumes stability of long run outcomes and particularly ignores monetary policy regime changes that ...