Nonlinear business cycle dynamics: Cross-country evidence on the persistence of aggregate shocks

Economic Inquiry

Volumn 35, Issue 3, 1997, Pages 495-509

  Bradley, Michael D ^a   Jansen, Dennis W ^b  

^a GEORGE WASHINGTON UNIVERSITY   (United States)

^b TEXAS A AND M UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0031480782     PISSN: 00952583     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1465-7295.1997.tb02027.x     Document Type: Article

References (20)

1. Balke, Nathan S. and Thomas Fomby. "Shifting Trends, Segmented Trends, and Infrequent Permanent Shocks." Journal of Monetary Economics, August 1991, 61-86.
2. _. "Large Shocks, Small Shocks, and Economic Fluctuations: Outliers in Macroeconomic Time Series." Journal of Applied Econometrics, April-June 1994, 181-200.
3. Beaudry, Paul, and Gary Koop. "Do Recessions Permanently Change Output?" Journal of Monetary Economics, April 1993, 149-64.
4. Blanchard, Olivier J., and Daniel Quah. "The Dynamic Effects of Aggregate Demand and Supply Disturbances." American Economic Review, September 1989, 655-73.
5. Bradley, Michael D., and Dennis W. Jansen. "Unit Roots and Large Shocks: New International Evidence on Output Growth." Journal of Money, Credit and Banking, August 1995.
6. Campbell, John Y., and N. Gregory Mankiw. "Are Output Fluctuations Transitory." Quarterly Journal of Economics, November 1987, 857-80.
7. Cochrane, J. H. "How Big is the Random Walk in GNP?" Journal of Political Economy, 96, 1988, 893-920.
8. DeLong, J. B., and L. H. Summers. "Are Business Cycles Symmetrical?" in The American Business Cycle: Continuity and Change, edited by R. J. Gordon. Chicago: Chicago University Press, 1986.
9. Diebold, Frances X., and Glenn D. Rudebusch. "Long Memory and Persistence in Aggregate Output. "Journal of Monetary Economics, 24, 1989, 189-209.
10. _. "A Nonparametric Investigation of Duration Dependence in the American Business Cycle." Journal of Political Economy, 98, 1990, 987-1107.
11. Falk, B. "Further Evidence on the Asymmetric Behavior of Economic Time Series over the Business Cycle." Journal of Political Economy, 94, 1986, 1096-109.
12. Hamilton, James D. "A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle." Econometrica, 57(2), March 1989, 357-84.
13. Neftci, Salhi N. "Are Economic Time Series Asymmetric Over the Business Cycle?" Journal of Political Economy, 92(2), April 1984, 307-28.
14. Nelson, Charles R., and Charles I. Plosser. "Trends and Random Walks in Macroeconomic Time Series: Some Evidence and Implications." Journal of Monetary Economics, 10(2), September 1982, 139-62.
15. Pesaran, M. Hashem, and Simon M. Potter. "A Floor and Ceiling Model of United States Output." Working paper, UCLA, June 1994.
16. Potter, Simon M. "Nonlinear Impulse Response Functions." Working paper, UCLA, 1994.
17. Terasvirta, Timo, and Heather M. Anderson. "Characterizing Nonlinearities in Business Cycles Using Smooth Transition Autoregressive Models." Journal of Applied Econometrics, 7, 1992, S119-36.
18. Tsay, Ruey S. "Outliers, Level Shifts, and Variance Changes in Time Series." Journal of Forecasting, January 1988, 1-20.
19. Zelhorst, Dick and Jakob de Haan. "The Nonstationarity of Aggregate Output: Some Additional International Evidence." Journal of Money, Credit, and Banking, February 1994, 23-33.
20. Zivot, Eric, and Donald W. K. Andrews. "Further Evidence on the Great Crash, the Oil-Price Shock and the Unit Root Hypothesis." Journal of Business and Economics Statistics, July 1992, 251-70.