x d y π i Variable definitions: volume of export; domestic expenditure; domestic output; domestic prices; x, d, y, e, π, real exchange rates; domestic interest rates i, Table 7.4.B Responses to domestic prices, exchange rate, and domestic interest rate shocks: domestic financial conditions, tourism receipts, and remittances I Shock R Domestic prices Exchange rate Domestic interest rates F
x d y π i Variable definitions: x, volume of export; d, domestic expenditure; y, domestic output; π, domestic prices; e, real exchange rates; i, domestic interest rates Table 7.4.B Responses to domestic prices, exchange rate, and domestic interest rate shocks: domestic financial conditions, tourism receipts, and remittances I R F Shock Domestic prices Exchange rate Domestic interest rates
9906-A-nonlinear-structural-threshold-vector-autoregressive-model-with-block-exogeneity-restrictions-for-the-business-cycle.docx