Suppose that we suspect that there is a threshold for inflation beyond which bond yields are becoming

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Suppose that we suspect that there is a threshold for inflation beyond which bond yields are becoming more responsive to changes in inflation. Specify a 2-regime TAR model for interest rates when the threshold variable is yesterday's inflation. Experiment with different threshold values. Do you find evidence for a TAR model? If so, is this model better than the linear model you found in Exercise 4? Explain.
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