Yet more on a stochastic economic model: Part 5: a vector autoregressive (VAR) Model for retail prices and wages
ANNALS OF ACTUARIAL SCIENCE, cilt.13, sa.1, ss.92-108, 2019 (ESCI, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 13 Sayı: 1
- Basım Tarihi: 2019
- Doi Numarası: 10.1017/s1748499518000106
- Dergi Adı: ANNALS OF ACTUARIAL SCIENCE
- Derginin Tarandığı İndeksler: Emerging Sources Citation Index (ESCI), Scopus
- Sayfa Sayıları: ss.92-108
- Hacettepe Üniversitesi Adresli: Evet
Özet
In this paper we develop a vector autoregressive model for retail prices and wages within the Wilkie model. The results turn out to be a slight improvement over the original model, but the simulated results are not very different.