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Output Persistence in Portugal

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  • Antonio Caleiro

Abstract

The measurement of output persistence in Portugal is the main goal of this paper. By the use of a non-parametric methodology, it is shown that the level of output in Portugal exhibits a relatively high degree of persistence. This result is essential from a (contractionary/expansionary) policy point of view as the magnitude and duration of policy effects depend upon the level of persistence in output.

Suggested Citation

  • Antonio Caleiro, 2012. "Output Persistence in Portugal," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 2(3), pages 206-206.
    • Handle: RePEc:ers:ijfirm:v:2:y:2012:i:3:p:206
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    References listed on IDEAS

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    1. Dias, Daniel A. & Marques, Carlos Robalo, 2010. "Using mean reversion as a measure of persistence," Economic Modelling, Elsevier, vol. 27(1), pages 262-273, January.
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    Cited by:

    1. António Bento Caleiro, 2014. "What if Output Persistence is Disregarded by an Opportunistic Incumbent?," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(4), pages 803-803.
    2. António Caleiro, 2013. "How to Classify a Government Can a perceptron do it?," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 3(3), pages 523-523.

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    Keywords

    Output; Persistence; Portugal.;
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