relatively ignored. Persistence has a direct benefit to cells because it allows survival during catastrophes - a form of bet …-hedging. However, persistence can also provide an indirect benefit to other individuals, because the reduced growth rate can reduce … competition for limiting resources. This raises the possibility that persistence is a social trait, which can be influenced by kin …

persistence of shocks, to specify the best strategy for trend-cycle decomposition and to obtain additional information useful for …

construct confidence intervals that are robust to high persistence in the presence of small sample sizes. The empirical evidence …

Due to the persistence of relatively soft budget constraints and poor government credibility, the survival strategy of … tradeoff, but rather seem to be mediating it. Persistence is also much more pronounced in inflation than it is in real output …

persistence in output.Unfortunately only the response of consumption to a money growth shock can beimproved. For a high enough … value of the habit persistence parameter consumptioncan even be hump-shaped, as it is empirically (see Figure 1.4).Chapter 5 … can even strengthen the persistence in output. In the absence of thecosts for adjusting the capital stock there are only …