Nelson, Charles R. - In: Journal of Econometrics 146 (2008) 2, pp. 202-206
Monetary Economics 7, 151-174] proposed that the long-run forecast is a measure of trend for time series such as GDP that do … Journal of Monetary Economics 18, 49-75] and Clark [Clark, Peter K., 1987. The cyclical component of US economic activity. The … Quarterly Journal of Economics 102 (4), 797-814], the BN decomposition attributes most variation in GDP to trend shocks while …