A Study of the Nonlinear Relation between CPI and International Oil Price Based on STR Model
نویسندگان
چکیده
This paper uses STR (Smooth Transition Regression) model to study the nonlinear relation between CPI in China and international oil price. The results show that the change of CPI in current period has a positive effect to the next period, and the non-linear effect of international oil price almost completely reveals the changing characteristics of CPI.
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