IN a paper by Prof. C. G. Knott on “Recent Innovations in Vector Theory,” of which an abstract has been given in NATURE (vol. xlvii. pp. 590–593; see also a minor abstract on p. 287), the doctrine ...

We propose a classical approach to estimate factor-augmented vector auto-regressive (FAVAR) models with time variation in the parameters. When the time varying FAVAR model is estimated by using a ...

Macro-economic consequences of large currency depreciations among the crisis-hit Asian economies varied from one country to another. Inflation did not soar after the Asian currency crisis of 1997-98 ...