Showing 1 - 10 of 7,910
Persistent link: https://www.econbiz.de/10009687031
Persistent link: https://www.econbiz.de/10001452762
This paper shows that the parsimoniously time-varying methodology of Callot and Kristensen (2015) can be applied to factor models. We apply this method to study macroeconomic instability in the United States from 1959:1 to 2006:4 with a particular focus on the Great Moderation. Models with...
Persistent link: https://www.econbiz.de/10015365835
Persistent link: https://www.econbiz.de/10015375595
Persistent link: https://www.econbiz.de/10015443991
Persistent link: https://www.econbiz.de/10015444778
Persistent link: https://www.econbiz.de/10015408184
Persistent link: https://www.econbiz.de/10015403729
An important property of hysteresis is that temporary events of sufficient magnitude can have permanent effects. The COVID-19 recession in the US was both temporary and extremely deep. This invites the hypothesis that the recession had permanent effects on the US economy as a result of...
Persistent link: https://www.econbiz.de/10014353791
Persistent link: https://www.econbiz.de/10009533842