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The effects of monetary shocks in Sri Lankan economy

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When Are Trend-Cycle Decompositions of GDP Reliable?

González-Astudillo, Manuel; Roberts, John M. - 2021

In this paper, we examine the results of GDP trend-cycle decompositions from the estimation of bivariate unobserved components models that allow for correlated trend and cycle innovations. Three competing variables are considered in the bivariate setup along with GDP: the unemployment rate, the...

Persistent link: https://www.econbiz.de/10013219741