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Monetary policy effects and inflation expectations have shifted over time
Machine learning analysis reveals strengthened monetary policy transmission but flattened Phillips curve dynamics, with regime-dependent behavior during post-pandemic inflation.
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Integrated ACD models can imply infinite-mean durations
Asymptotic theory for integrated autoregressive conditional duration models reveals infinite-mean trading intervals in cryptocurrency ETFs, requiring new inference methods.
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Peru mining GDP and terms of trade show a stable long-run link
Analysis of Peru's mining sector reveals stable long-run equilibrium with global prices, yet slow adjustment to shocks reflects structural rigidity beyond commodity cycles.
