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by esida
Wed May 28, 2014 7:05 am
Forum: Estimation
Topic: TAR model & asymmetric ECM
Replies: 14
Views: 20539

Re: TAR model & asymmetric ECM

i am working on the asymmetry of interest rate pass-through in the case of Albania adopting the methodology outlined in Enders and Siklos (2001). There is one thing i do not clearly understand. Why is delta1=delta2=0.6 (even in the tarcoint add-in such value is taken as default). i read the paper ca...

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