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involving U.S. inflation and GDP growth. Empirical results suggest that the number of change points is larger than previously …
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Remarks at the IIF Annual Meeting of Latin America Chief Executives, Santiago, Chile.
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Remarks by President Dudley at the Foreign Policy Association Corporate Dinner, New York City.
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The dynamic stochastic general equilibrium (DSGE) models used to study business cycles typically assume that exogenous disturbances are independent first-order autoregressions. This paper relaxes this tight and arbitrary restriction by allowing for disturbances that have a rich contemporaneous...
Persistent link: https://www.econbiz.de/10008553244
The acceleration of productivity since 1995 has prompted a debate over whether the economy's underlying growth rate … identify variables other than productivity - namely consumption and labor compensation - to help estimate trend productivity … direction. In addition, we find that productivity data alone provide insufficient evidence of regime changes; corroborating …
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