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Ex ante forecasts of business-cycle turning points

✍ Scribed by Rolando F. Pelàez


Book ID
105855592
Publisher
Springer-Verlag
Year
2006
Tongue
English
Weight
98 KB
Volume
32
Category
Article
ISSN
0377-7332

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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