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- URN zum Zitieren dieses Dokuments:
- urn:nbn:de:bvb:355-epub-86130
- DOI zum Zitieren dieses Dokuments:
- 10.5283/epub.8613
Zusammenfassung
In an unobserved components framework of US output trend and cycle, this paper seeks to determine the causal interaction between permanent and transitory innovations. For the purpose of identification, strategies of augmenting the cyclical dynamics as well as allowing for shifts in volatility are proposed. In the early 1980s, substantial predominance of cycle shocks gives way to strong negative ...
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