Presentation to the School of Business & Management, University of Arkansas at Pine Bluff - March 5, 2003

Presentation to the Midwest Economic Education Conference, St. Louis - April 11, 2002

Presentation at Lambuth University, Jackson, Tenn. - April 4, 2002

Presentation to the Midwest Economic Education Conference, St. Louis - April 11, 2002

Presentation to the School of Business & Management, University of Arkansas at Pine Bluff - March 5, 2003

Presentation at Lambuth University, Jackson, Tenn. - April 4, 2002

Global Interdependence Center Central Bank Series, Federal Reserve Bank of Philadelphia, Philadelphia, May 18, 2006

Global Interdependence Center Central Bank Series, Federal Reserve Bank of Philadelphia, Philadelphia, May 18, 2006

This paper investigates the nature of U.S. business cycle asymmetry using a dynamic factor model of output, investment, and consumption. We identify a common stochastic trend and common transitory component by embedding the permanent income hypothesis within a simple growth model....

This paper presents a new nonlinear time series model that captures a post-recession “bounce-back” in the level of aggregate output. While a number of studies have examined this type of business cycle asymmetry using recession-based dummy variables and threshold models, we relate the...