Showing 1 - 2 of 2
This paper provides an underlying reason for why recent Bayesian trend-cycle decompositions of U.S. real GDP differ despite using identical unobserved components models. We stress that a pitfall in estimating unobserved components models accounts for the divergence in the empirical conclusions....
Persistent link: https://www.econbiz.de/10012934793
Persistent link: https://www.econbiz.de/10012219585