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 …

persistent deteriorating trend during 1998-2007 period before stabilizing around 6 percent of GDP in recent years. Decomposing …

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 …

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