• 제목/요약/키워드: Impluse Response Function

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운송수단과 산업구조 간 동태적 인과관계 분석 (The dynamic causal relationship between transportation modes and industrial structure)

  • 송민주;이희용
    • 무역학회지
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    • 제46권5호
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    • pp.115-130
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    • 2021
  • The main purpose of this study is to analyze the causal relationship between import-export goods and transportation modes. To this end, five major commodity groups were selected from 2010 to 2018 such as Machinery and transport equipment (SITC 7), manufactured goods classified chiefly by material (SITC 6), chemicals and related products, n.e.s. (SITC 5), mineral, fuels, lubricants, and related materials (SITC 3), and miscellaneous manufactured articles (SITC 8). And using the panel VECM, the difference between transportation modes such as ports and airports was compared and analyzed through panel granger causality, Impulse response function, Forecasting error variance decomposition. As a result, it is confirmed that the causal relationship between major product groups and transportation modes showed different causal relationships depending on the characteristics of port and air transportation.

Digital Filter Design using the Symbol Pulse Invariant Transformation

  • 김태수;;김형래
    • 한국통신학회논문지
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    • 제19권1호
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    • pp.1-9
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    • 1994
  • In general, when IIR digital filter are designed from analog filters, the bilinera transformation and the impluse invariant tramsformation are commonly used. It is known, however, that high frequency response of digital filters designed by these transformations can not be well approximated to the sampled analog signals. In this paper, the symbol pulse invariant transformation is analyzed theoretically so that the symbol pulse invariant transformation which was originally application to a rectangular pulse is newly applied to double rate pulse signals and generic shape pulse signals. Also, the relation of spectra between a transfer function of digital filter and one of analog filter is considered. Further, we apply to design the digital high pass filters using the symbol pulse invariant transformation method.

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Monetary Policy Transmission during Multiple Indicator Regime: A Case of India

  • SETHI, Madhvi;BABY, Saina;DAR, Vandita
    • The Journal of Asian Finance, Economics and Business
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    • 제6권3호
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    • pp.103-113
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    • 2019
  • The effectiveness of monetary policy critically depends upon how well the transmission mechanism functions, so that the desired impact on output and inflation is achieved. The purpose of this paper is to study the transmission mechanism of monetary policy by analyzing the impact on inflation and output during multiple indicator regime (1998-99 to 2014) in an emerging economy-India. The Inflation Targeting Regime is also briefly outlined alongwith the impact on output and inflation. Using quarterly data for the period 1997 to 2017, the paper uses weighted average call money market rate as a proxy for the policy rate and evaluates the strength of the interest rate channel. We use a conventional Structural vector auto regression (SVAR) methodology to evaluate the efficacy and show the impluse response functions. Our results find that changes in the policy rate impact output growth steeply with a lag of about two quarters and the impact on inflation is maximized after three quarters. The study concludes that the monetary policy in India has a significant impact on output and inflation in the short-to-medium-run. After the policy shock, the fall in the output growth rate is of greater magnitude than the fall in inflation.