A Note On Demand and Supply Factors In Manufacturing Output Asymmetries

In a Markov switching framework, we show that the duration of recessions is significantly shorter than the duration of expansions in 11 manufacturing sectors, and aggregate durables and manufacturing output. We find two leading indicators, consumer expectations and the term spread, act as important demand driven forces behind asymmetry

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Year of publication:	2008
Authors:	Korenok, Oleg ; Mizrach, Bruce Marshall ; Radchenko, Stanislav
Publisher:	[S.l.] : SSRN
Subject:	Konjunktur \| Business cycle \| Industrieproduktion \| Industrial production \| Zinsstruktur \| Yield curve \| Dauer \| Duration \| Verbrauchervertrauensindex \| Consumer confidence index

Extent:	1 Online-Ressource (21 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Macroeconomic Dynamics Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 10/30/2007 erstellt
Classification:	E23 - Production ; E24 - Employment; Unemployment; Wages ; E32 - Business Fluctuations; Cycles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014071413