q t r Variable definitions: domestic financial conditions; tourism receipts; remittances q, t, r, Figure 7.2.A Responses to foreign interest rate, import price and export price shocks: foreign output, international financial stress, foreign prices, foreign interest rates, import prices, and export prices I Shock R Foreign interest rate Import price Export price F
q t r Variable definitions: q, domestic financial conditions; t, tourism receipts; r, remittances Figure 7.2.A Responses to foreign interest rate, import price and export price shocks: foreign output, international financial stress, foreign prices, foreign interest rates, import prices, and export prices I R F Shock Foreign interest rate Import price Export price
9906-A-nonlinear-structural-threshold-vector-autoregressive-model-with-block-exogeneity-restrictions-for-the-business-cycle.docx