Title:Price Smoothing Policies - A Welfare Analysis Author(s):CANOVA, FabioDate:1992Citation:
- Journal of Monetary Economics, 1992, 30, 2, 255-275
Type:ArticleAbstract:In post-WWII experience U.S. monetary authorities have attempted to eliminate seasonal fluctuations in prices and nominal interest rates. Developments in financial markets and recently discovered empirical regularities ...
Title:An Alternative Approach to Modeling and Forecasting Seasonal Time-Series Author(s):CANOVA, FabioDate:1992Citation:
- Journal of Business & Economic Statistics, 1992, 10, 1, 97-108
Type:ArticleAbstract:This article proposes an alternative methodology for modeling and forecasting seasonal series. The approach is in the Bayesian autoregression tradition pioneered by Doan, Litterman, and Sims and builds seasonality directly ...