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Conditional and Unconditional Asymmetry in U.S. Macroeconomic Time Series Author info | Abstract | Publisher info | Download info | Related research | Statistics Jorge Belaire-Franch (University of Valencia, Spain)
Amado Peiro (University of Valencia, Spain)
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This paper examines conditional and unconditional asymmetries in the Nelson and Plosser dataset by using two tests recently proposed by Jushan Bai and Serena Ng. In line with previous research, the results show that asymmetry is not a proper characterization of most macroeconomic series, although labor variables like employment and the unemployment rate present unconditional asymmetries.
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Article provided by Berkeley Electronic Press in its journal Studies in Nonlinear Dynamics & Econometrics .
Volume (Year): 7 (2003)
Issue (Month): 1 ()
Pages: 1108-1108
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Keywords: asymmetry business cycles symmetry References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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Alisdair McKay & Ricardo Reis, 2006.
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"A Robust Entropy-Based Test for Asymmetry ,"
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