Kim, Chang-jin (contributor); Morley, James C. (contributor) - 2003 - [Elektronische Ressource], rev
a new nonlinear time series model that captures a post-
recession “bounce-back” in the level of aggregate output. While … asymmetry in U.S. business cycles
using a regime-switching model of real output. His model portrays the short, violent
nature … cycles not captured by Hamilton’s model: output
growth tends to be relatively strong following recessions. A simple way to …