During hard times, a structural break in the economy is an opportunity in disguise. To survive—and, eventually, to flourish—companies must learn to exploit it. There is nothing like a crisis to ...

This is a preview. Log in through your library . Abstract Several tests based on a t-ratio have been proposed in the literature to decide the order of integration of a time series allowing for a ...

A new paper from the Bank for International Settlements shows a “structural break” in international bank funding around the start of the financial crisis, and significant differences between pre- and ...

This paper proposes a model to predict recessions that accounts for non-linearity and a structural break when the spread between long- and short-term interest rates is the leading indicator.