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Business Cycles and Compositional Variation in U.S. Unemployment

✍ Scribed by Jaap H. Abbring, Gerard J. van den Berg and Jan C. van Ours


Book ID
124714423
Publisher
American Statistical Association
Year
2001
Tongue
English
Weight
546 KB
Volume
19
Category
Article
ISSN
0735-0015

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## Abstract Asymmetry has been well documented in the business cycle literature. The asymmetric business cycle suggests that major macroeconomic series, such as a country's unemployment rate, are non‐linear and, therefore, the use of linear models to explain their behaviour and forecast their futur