macro series, namely annual and quarterly real GDP and GDP per capita. The results indicate that the behaviour of US GDP can …

macro series, namely annual and quarterly real GDP and GDP per capita. The results indicate that the behaviour of US GDP can …

lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile … autoregression unit root test we check whether shocks to real GDP have permanent or temporary effects. In contrast to earlier studies … root hypothesis at the conditional mean of GDP, but also in the tails of the distribution where the lower tail corresponds …

taking into account the supply or production side and the demand side of GDP. The GDP figures calculated by the two sides … usually yield different results and the official GDP release is somewhere in between. We make use of this statistical … procedure by separately modeling the two sides of GDP in a system of bridge equations at the most disaggregate level available …

indicators for 32 economies are analysed to draw up additional characteristics of contemporary business cycles. The author … indicators from the point of view of the two types of cycles, while to date they have been analysed in the light of a single …

causality analysis. Financial development indicators are the bank credits and capital flows, efficiency indicators are the … domestic and foreign interest rate spreads. It has been found that the pattern of real GDP is determined by demand side … variables, whereas the source of fluctuations in the real GDP is the financial variables in Turkey. External spread, capital …

We develop a multivariate unobserved components model to extract business cycle and financial cycle indicators from a …