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Dating Business-Cycle turning points

✍ Scribed by Rolando F. Peláez


Book ID
110671239
Publisher
Springer US
Year
2005
Tongue
English
Weight
784 KB
Volume
29
Category
Article
ISSN
1055-0925

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Stochastic trends, deterministic trends,
✍ Stephen Gordon 📂 Article 📅 1997 🏛 John Wiley and Sons 🌐 English ⚖ 247 KB

This study examines the relationship between speci®cations for long-run output patterns and speci®cations for business cycle dynamics. In an application to US GDP, it is found that inferences about the nature of the trend in output are not robust to changes in the speci®cation for short-run ¯uctuati