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Persistent link: https://www.econbiz.de/10013480894
A generalization of the endogenous threshold model is developed by extending this class to a multivariate framework and to cases where the feedback acts at multiple lags. The feedback is specified, following Beaudry and Koop, by a variable which measures the depth of recessions. We give...
Persistent link: https://www.econbiz.de/10005113561