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Net exports, consumption volatility and international business cycle models

✍ Scribed by Andrea Raffo


Book ID
116659556
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
416 KB
Volume
75
Category
Article
ISSN
0022-1996

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## Abstract The ability of Markov‐switching (MS) autoregressive models to replicate selected classical business cycle features found in US post‐war consumption, investment and output is compared to that of linear models. Univariate MS models appear to offer more dynamically parsimonious representat