In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and …

Diese Anmerkung zeigt, dass das reale Bruttoinlandsprodukt der Bundesrepublik Deutschland einem trendstationären …. Eine explizite Berücksichtigung von Brüchen im Trend ist für dieses Ergebnis nicht notwendig. Für die praktische Trend …This note shows that German real GDP follows a trend-stationary process. Both tests which have trend-stationarity as …

This note shows that German real GDP follows a trend-stationary process. Both tests which have trend-stationarity as … the alternative hypothesis as well as tests that have it under the null hypothesis prefer the trend-stationary model …. Explicit consideration of breaks in the trend is not necessary to obtain this result. The trend-stationary model with breaks is …