We document asymmetric responses of consumer spending to energy price shocks: using a
threshold vector autoregressive model estimated with Bayesian methods on US data with …

The literature has widely discussed the role of financial and economic uncertainty shocks for
the macroeconomy. However, it has turned out to be difficult to isolate these shocks from …

In this paper, we look to develop understanding of the nature and potential impact of
financial stress and fiscal shocks in the Chinese economy, examining how such stress …

This thesis explores the non-linear features of fiscal multipliers in the US economy and of
consumption drivers in the euro area. In Chapter 1 we examine a Smooth Transition …

This study uses a switching model to capture the nonlinearity in deteriorating
macroeconomic conditions in Indonesia. This design is very useful in that it enhances the …

We investigate the combined effect of business and financial cycles on a non-linearly
fluctuating economy, designing and estimating a joint economic cycle. A STVAR model and …

This paper investigates nonlinear transmissions between financial stress, monetary policy
and the business cycle. Using a threshold VAR model on Swedish quarterly data the …