Template-type: ReDIF-Article 1.0
Author-Name: Ciuiu, Daniel
Author-Workplace-Name: Technical University of Civil engineering, Bucharest, Institute of Economic Forecasting.
Author-Email: dciuiu@yahoo.com
Title: Copulas having Zero-Isoline and Economic Applications
Abstract: use such copula to model the dependence between two random variables that cannot
be both lower than given values, but each can be lower than the corresponding value.
This can be used in the Phillips curve. Even we consider the values of inflation and
unemployment ent or their rates, there exist a,b ∈R such that the cloud of points around
the curve and around the line, respectively, have empty intersection with the set
{(U,V)∈R2 U ≤ a,V ≤ b}, but it is possible to have separately U ≤ a or V ≤ b .
Classification-JEL: C46, C51, E24, E31.
Keywords: Phillips curve, copula, isolines, zero-isolines
Journal: Romanian Journal for Economic Forecasting
Pages: 103-126
Volume:
Issue: 2
Year: 2012
Month: June
X-File-Ref: http://www.ipe.ro/rjef/rjef2_12/rjef2_2012p103-126.txt
File-URL: http://www.ipe.ro/rjef/rjef2_12/rjef2_2012p103-126.pdf
Handle: Repec:rjr:romjef:v::y:2012:i:2:p:103-126