Darné, Olivier; Charles, Amélie - In: Cliometrica, Journal of Historical Economics and … 5 (2011) 1, pp. 79-100
In this paper, we examine the large shocks due to major economic or financial events that affected U.S. macroeconomic time series on the period 1860–1988, using outlier methodology. We show that most of these shocks have a temporary effect, showing that the U.S. macroeconomic time series...