Engemann, Kristie M.; Owyang, Michael T. - Federal Reserve Bank of St. Louis - 2007
achieve its pre-recession benchmark. We propose a formal empirical model of business cycles with recovery periods to … can be attributed to a shift in the speed of transition between business cycle regimes. Moreover, we find this shift …
Whatever Happened to the Business Cycle? A Bayesian
Analysis of Jobless Recoveries
Kristie M. Engemann
and
Michael …