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A Note On Demand And Supply Factors In Manufacturing Output Asymmetries

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Author Info
Korenok, Oleg
Mizrach, Bruce
Radchenko, Stanislav

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Abstract

In a Markov switching framework, we show that the duration of recessions is significantly shorter than the duration of expansions in 11 manufacturing sectors, and in aggregate durables and manufacturing output. We find two leading indicators, consumer expectations and the term spread, act as important demand-driven forces behind asymmetry.

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Publisher Info
Article provided by Cambridge University Press in its journal Macroeconomic Dynamics.

Volume (Year): 13 (2009)
Issue (Month): 02 (April)
Pages: 263-277
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:cup:macdyn:v:13:y:2009:i:02:p:263-277_07

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This page was last updated on 2009-10-31.

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