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business cycles 1 non-linearity 1 non-parametric conditional mean estimates 1
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Clements, Michael P. 1 Galvão, Ana B. C. 1
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Empirical Economics 1
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Conditional mean functions of non-linear models of US output
Galvão, Ana B. C.; Clements, Michael P. - In: Empirical Economics 27 (2002) 4, pp. 569-586
We compare a number of models of post War US output growth in terms of the degree and pattern of non-linearity they impart to the conditional mean, where we condition on either the previous period's growth rate, or the previous two periods' growth rates. The conditional means are estimated...
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