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Citations for "Has The U.S. Economy Become More Stable? A Bayesian Approach Based On A Markov-Switching Model Of The Business Cycle"

by Chang-Jin Kim & Charles R. Nelson

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  1. Owyang, Michael T. & Piger, Jeremy & Wall, Howard J., 2008. "A state-level analysis of the Great Moderation," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 38(6), pages 578-589, November.
  2. Chang-Jin Kim & Jeremy Piger, 2000. "Common stochastic trends, common cycles, and asymmetry in economic fluctuations," International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) 681, Board of Governors of the Federal Reserve System (U.S.).
  3. Giuseppe Cavaliere & Anders Rahbek & A.M.Robert Taylor, 2008. "Testing for Co-integration in Vector Autoregressions with Non-Stationary Volatility," CREATES Research Papers, School of Economics and Management, University of Aarhus 2008-50, School of Economics and Management, University of Aarhus.
  4. Marco Del Negro & Christopher Otrok, 2008. "Dynamic factor models with time-varying parameters: measuring changes in international business cycles," Staff Reports, Federal Reserve Bank of New York 326, Federal Reserve Bank of New York.
  5. Smith, Aaron D. & Naik, Prasad A. & Tsai, Chih-Ling, 2005. "Markov-Switching Model Selection Using Kullback-Leibler Divergence," Working Papers, University of California, Davis, Department of Agricultural and Resource Economics 11976, University of California, Davis, Department of Agricultural and Resource Economics.
  6. Helge Braun & Reinout De Bock & Riccardo DiCecio, 2007. "Supply shocks, demand shocks, and labor market fluctuations," Working Papers, Federal Reserve Bank of St. Louis 2007-015, Federal Reserve Bank of St. Louis.
  7. Sensier, M. & van Dijk, D.J.C., 2001. "Short-term volatility versus long-term growth: evidence in US macroeconomic time series," Econometric Institute Research Papers, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute EI 2001-11, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  8. Gerald Carlino & Robert DeFina & Keith Sill, 2003. "Postwar period changes in employment volatility: new evidence from state/industry panel data," Working Papers 03-18, Federal Reserve Bank of Philadelphia.
  9. Karen E. Dynan & Douglas W. Elmendorf & Daniel E. Sichel, 2005. "Can financial innovation help to explain the reduced volatility of economic activity?," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2005-54, Board of Governors of the Federal Reserve System (U.S.).
  10. Olaf Posch, 2006. "Explaining Output Volatility: the Case of Taxation," Quantitative Macroeconomics Working Papers, Hamburg University, Department of Economics 20608, Hamburg University, Department of Economics.
  11. Marcelle Chauvet & James D. Hamilton, 2005. "Dating Business Cycle Turning Points," NBER Working Papers 11422, National Bureau of Economic Research, Inc.
  12. Jorge M. Andraz & Nelia M. Norte, 2013. "Output volatility in the OECD: Are the member states becoming less vulnerable to exogenous shocks?," Economic Issues Journal Articles, Economic Issues, Economic Issues, vol. 18(2), pages 91-122, September.
  13. Jinho Bae & Chang-Jin Kim & Dong Kim, 2012. "The evolution of the monetary policy regimes in the U.S," Empirical Economics, Springer, Springer, vol. 43(2), pages 617-649, October.
  14. Tao Wu & Glenn Rudebusch, 2005. "The Recent Shift in Term Structure Behavior from a No-Arbitrage Macro-Finance Perspective," Computing in Economics and Finance 2005, Society for Computational Economics 3, Society for Computational Economics.
  15. Geng Li & James Feigenbaum, 2009. "A Nonparametric Characterization of Income Uncertainty over the Lifecycle," 2009 Meeting Papers, Society for Economic Dynamics 464, Society for Economic Dynamics.
  16. Rajeev Dhawan & Karsten Jeske & Pedro Silos, 2008. "Productivity, energy prices, and the Great Moderation: a new link," Working Paper, Federal Reserve Bank of Atlanta 2008-11, Federal Reserve Bank of Atlanta.
  17. David O. Cushman, 2012. "Mankiw vs. DeLong and Krugman on the CEA's Real GDP Forecasts in Early 2009: What Might a Time Series Econometrician Have Said?," Econ Journal Watch, Econ Journal Watch, Econ Journal Watch, vol. 9(3), pages 309-349, September.
  18. Aguiar-Conraria, Luís & Martins, Manuel M.F. & Soares, Maria Joana, 2012. "The yield curve and the macro-economy across time and frequencies," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 36(12), pages 1950-1970.
  19. Steven M. Fazzari & James Morley & Irina Panovska, 2012. "State-Dependent Effects of Fiscal Policy," INET Research Notes, Institute for New Economic Thinking (INET) 3, Institute for New Economic Thinking (INET).
  20. Gerald Carlino & Robert DeFina & Keith Sill, 2007. "The long and large decline in state employment growth volatility," Working Papers 07-11, Federal Reserve Bank of Philadelphia.
  21. Massimiliano Marcellino & James Stock & Mark Watson, 2005. "A Comparison of Direct and Iterated Multistep AR Methods for Forecasting Macroeconomic Time Series," Working Papers, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University 285, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
  22. Pancrazi, Roberto, 2013. "How Beneficial was the Great Moderation After All?," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics 1016, University of Warwick, Department of Economics.
  23. Okimoto, Tatsuyoshi & Shimotsu, Katsumi, 2010. "Decline in the persistence of real exchange rates, but not sufficient for purchasing power parity," Journal of the Japanese and International Economies, Elsevier, vol. 24(3), pages 395-411, September.
  24. Robert A Buckle & David Haugh & Peter Thomson, 2001. "Calm after the Storm?: Supply-side contributions to New Zealand’s GDP volatility decline," Treasury Working Paper Series, New Zealand Treasury 01/33, New Zealand Treasury.
  25. Chang-Jin Kim & James Morley & Jeremy M. Piger, 2006. "A Bayesian approach to counterfactual analysis of structural change," Working Papers, Federal Reserve Bank of St. Louis 2004-014, Federal Reserve Bank of St. Louis.
  26. Beatrice D. Simo-Kengne & Stephen M. Miller & Rangan Gupta, 2013. "Evolution of Monetary Policy in the US: The Role of Asset Prices," Working Papers, University of Pretoria, Department of Economics 201343, University of Pretoria, Department of Economics.
  27. John C. Williams, 2004. "Robust estimation and monetary policy with unobserved structural change," Working Paper Series, Federal Reserve Bank of San Francisco 2004-11, Federal Reserve Bank of San Francisco.
  28. Mathieu Gatumel & Florian Ielpo, 2011. "The Number of Regimes Across Asset Returns: Identification and Economic Value," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL halshs-00658540, HAL.
  29. Don H. Kim & Athanasios Orphanides, 2005. "Term structure estimation with survey data on interest rate forecasts," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2005-48, Board of Governors of the Federal Reserve System (U.S.).
  30. Soloschenko, Max & Weber, Enzo, 2012. "Trend-Cycle Interactions and the Subprime Crisis: Analysis of US and Canadian Output," University of Regensburg Working Papers in Business, Economics and Management Information Systems, University of Regensburg, Department of Economics 470, University of Regensburg, Department of Economics.
  31. Xavier Gabaix, 2004. "Power laws and the origins of aggregate fluctuations," Econometric Society 2004 North American Summer Meetings, Econometric Society 484, Econometric Society.
  32. Mennuni, Alessandro, 2013. "Labor Force Composition and Aggregate Fluctuations," Discussion Paper Series In Economics And Econometrics, Economics Division, School of Social Sciences, University of Southampton 1302, Economics Division, School of Social Sciences, University of Southampton.
  33. Berument, Hakan & Froyen, Richard T., 2006. "Monetary policy and long-term US interest rates," Journal of Macroeconomics, Elsevier, Elsevier, vol. 28(4), pages 737-751, December.
  34. Kishor N. Kundan, 2010. "The Superiority of Greenbook Forecasts and the Role of Recessions," National Bank of Poland Working Papers, National Bank of Poland, Economic Institute 74, National Bank of Poland, Economic Institute.
  35. Balke, Nathan S. & Brown, Stephen P.A. & Yucel, Mine K., 2010. "Oil Price Shocks and U.S. Economic Activity: An International Perspective," Discussion Papers, Resources For the Future dp-10-37, Resources For the Future.
  36. Lester, Robert & Pries, Michael & Sims, Eric, 2014. "Volatility and welfare," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 38(C), pages 17-36.
  37. Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2013. "Interactions between eurozone and US booms and busts: A Bayesian panel Markov-switching VAR model," Working Paper, Norges Bank 2013/20, Norges Bank.
  38. Chang-Jin Kim & Jeremy M. Piger & Richard Startz, 2007. "The Dynamic Relationship between Permanent and Transitory Components of U.S. Business Cycles," Journal of Money, Credit and Banking, Blackwell Publishing, Blackwell Publishing, vol. 39(1), pages 187-204, 02.
  39. Cover, James P. & Pecorino, Paul, 2005. "The length of US business expansions: When did the break in the data occur?," Journal of Macroeconomics, Elsevier, Elsevier, vol. 27(3), pages 452-471, September.
  40. Tatom, John, 2011. "Inflation and asset prices," MPRA Paper 34606, University Library of Munich, Germany.
  41. Bivin, David G., 2006. "Industry evidence of enhanced production stability since 1984," International Journal of Production Economics, Elsevier, Elsevier, vol. 103(1), pages 438-448, September.
  42. Emmanuel De Veirman & Andrew T. Levin, 2012. "When Did Firms Become More Different? Time-Varying Firm-Specific Volatility in Japan," CAMA Working Papers, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University 2012-43, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  43. Amélie Charles & Olivier Darné & Laurent Ferrara, 2014. "Does the Great Recession imply the end of the Great Moderation? International evidence," Working Papers, HAL hal-00952951, HAL.
  44. Ragna Alstadheim & Hilde C. Bjørnland & Junior Maih, 2013. "Do central banks respond to exchange rate movements? A Markov-switching structural investigation," Working Paper, Norges Bank 2013/24, Norges Bank.
  45. Helmut Lütkepohl & Aleksei Netsunajev, 2014. "Structural Vector Autoregressions with Smooth Transition in Variances - The Interaction Between U.S. Monetary Policy and the Stock Market," SFB 649 Discussion Papers, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany SFB649DP2014-031, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  46. D'Agostino, Antonello & Domenico, Giannone & Surico, Paolo, 2006. "(Un)Predictability and Macroeconomic Stability," Research Technical Papers, Central Bank of Ireland 5/RT/06, Central Bank of Ireland.
  47. repec:dgr:uvatin:2006105 is not listed on IDEAS
  48. D van Dijk & D R Osborn & M Sensier, 2002. "Changes in variability of the business cycle in the G7 countries," The School of Economics Discussion Paper Series, Economics, The University of Manchester 0204, Economics, The University of Manchester.
  49. Karapanagiotidis, Paul, 2012. "Improving Bayesian VAR density forecasts through autoregressive Wishart Stochastic Volatility," MPRA Paper 38885, University Library of Munich, Germany.
  50. Kizys, Renatas & Pierdzioch, Christian, 2011. "The changing sensitivity of realized portfolio betas to U.S. output growth: An analysis based on real-time data," Journal of Economics and Business, Elsevier, Elsevier, vol. 63(3), pages 168-186, May.
  51. Gerald Carlino & Robert DeFina & Keith Sill, 2002. "The cyclical behavior of state employment during the postwar period," Working Papers 02-14, Federal Reserve Bank of Philadelphia.
  52. Vicente Tuesta & Juan F. Rubio-Ramirez & Pau Rabanal, 2009. "Cointegrated TFP Processes and International Business Cycles," IMF Working Papers, International Monetary Fund 09/212, International Monetary Fund.
  53. Brady, Ryan R., 2008. "Structural breaks and consumer credit: Is consumption smoothing finally a reality?," Journal of Macroeconomics, Elsevier, Elsevier, vol. 30(3), pages 1246-1268, September.
  54. Peter Tulip, 2005. "Has output become more predictable? changes in Greenbook forecast accuracy," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2005-31, Board of Governors of the Federal Reserve System (U.S.).
  55. F. Owen Irvine & Scott Schuh, 2005. "The roles of comovement and inventory investment in the reduction of output volatility," Working Papers, Federal Reserve Bank of Boston 05-9, Federal Reserve Bank of Boston.
  56. Tatiana Cesaroni & Louis Maccini & Marco Malgarini, 2009. "Business cycle volatility and inventories behavior:new evidence for the Euro Area," ISAE Working Papers, ISTAT - Italian National Institute of Statistics - (Rome, ITALY) 108, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).
  57. Timothy Cogley & Thomas J. Sargent, 2005. "Drift and Volatilities: Monetary Policies and Outcomes in the Post WWII U.S," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(2), pages 262-302, April.
  58. Aleksei Netšunajev, 2013. "Reaction to technology shocks in Markov-switching structural VARs: identification via heteroskedasticity," Bank of Estonia Working Papers, Bank of Estonia wp2012-6, Bank of Estonia, revised 03 Jan 2013.
  59. Todd E. Clark & Taisuke Nakata, 2008. "Has the behavior of inflation and long-term inflation expectations changed?," Economic Review, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, issue Q I, pages 17-50.
  60. Sandra Bilek-Steindl, 2012. "On the Change in the Austrian Business Cycle," OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing,CIRET, OECD Publishing,CIRET, vol. 2012(1), pages 1-18.
  61. Posch, Olaf & Wälde, Klaus, 2005. "Natural volatility, welfare and taxation," W.E.P. - Würzburg Economic Papers, University of Würzburg, Chair for Monetary Policy and International Economics 57, University of Würzburg, Chair for Monetary Policy and International Economics.
  62. Norbert Fiess & Rashmi Shankar, 2005. "Regime-Switching in Exchange Rate Policy and Balance Sheet Effects," Working Papers, Business School - Economics, University of Glasgow 2005_16, Business School - Economics, University of Glasgow.
  63. Jermann, Urban & Quadrini, Vincenzo, 2006. "Financial Innovations and Macroeconomic Volatility," CEPR Discussion Papers, C.E.P.R. Discussion Papers 5727, C.E.P.R. Discussion Papers.
  64. Margaret M. McConnell & Gabriel Perez Quiros, 1998. "Output fluctuations in the United States: what has changed since the early 1980s?," Staff Reports, Federal Reserve Bank of New York 41, Federal Reserve Bank of New York.
  65. Bianchi, Francesco & Mumtaz, Haroon & Surico, Paolo, 2009. "The great moderation of the term structure of UK interest rates," Journal of Monetary Economics, Elsevier, Elsevier, vol. 56(6), pages 856-871, September.
  66. Ricardo Reis, 2004. "Inattentive Consumers," Working Papers, Princeton University, Woodrow Wilson School of Public and International Affairs, Discussion Papers in Economics. 135, Princeton University, Woodrow Wilson School of Public and International Affairs, Discussion Papers in Economics..
  67. Louis J. Maccini & Adrian Pagan, 2006. "Inventories, Fluctuations and Business Cycles. Working paper #4," NCER Working Paper Series, National Centre for Econometric Research 4, National Centre for Econometric Research.
  68. Chengsi Zhang & Denise R. Osborn & Dong Heon Kim, 2006. "The New Keynesian Phillips Curve: from Sticky Inflation to Sticky Prices," The School of Economics Discussion Paper Series, Economics, The University of Manchester 0631, Economics, The University of Manchester.
  69. Marcus Hagedorn, 2007. "A Monetary Model with Strong Liquidity Effects," IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich 353, Institute for Empirical Research in Economics - University of Zurich.
  70. Steven J. Davis & James A. Kahn, 2008. "Interpreting the Great Moderation: Changes in the Volatility of Economic Activity at the Macro and Micro Levels," NBER Working Papers 14048, National Bureau of Economic Research, Inc.
  71. Sean D. Campbell, 2004. "Macroeconomic volatility, predictability and uncertainty in the Great Moderation: evidence from the survey of professional forecasters," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2004-52, Board of Governors of the Federal Reserve System (U.S.).
  72. Baumeister, Christiane & Liu, Philip & Mumtaz, Haroon, 2013. "Changes in the effects of monetary policy on disaggregate price dynamics," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 37(3), pages 543-560.
  73. Thomas A. Lubik & Paolo Surico, 2010. "The Lucas critique and the stability of empirical models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 25(1), pages 177-194.
  74. Lee Ohanian & Andres Arias & Gary Hansen, 2005. "Why have business cycle fluctuations become less volatile?," 2005 Meeting Papers, Society for Economic Dynamics 927, Society for Economic Dynamics.
  75. Fuentes-Albero, Cristina, 2007. "Technology Shocks, Statistical Models, and The Great Moderation," MPRA Paper 3589, University Library of Munich, Germany.
  76. Giuseppe Cavaliere & Morten Ørregaard Nielsen & A. M. Robert Taylor, 2014. "Quasi-Maximum Likelihood Estimation of Heteroskedastic Fractional Time Series Models," Working Papers, Queen's University, Department of Economics 1324, Queen's University, Department of Economics.
  77. Kevin J. Stiroh, 2006. "Volatility accounting: a production perspective on increased economic stability," Staff Reports, Federal Reserve Bank of New York 245, Federal Reserve Bank of New York.
  78. Bauwens, Luc & Rombouts, Jeroen V.K., 2012. "On marginal likelihood computation in change-point models," Computational Statistics & Data Analysis, Elsevier, Elsevier, vol. 56(11), pages 3415-3429.
  79. Valerie A. Ramey & Daniel J. Vine, 2005. "Declining Volatility in the U.S. Automobile Industry," NBER Working Papers 11596, National Bureau of Economic Research, Inc.
  80. Bivin, David G., 2008. "Production stability in a supply-chain environment," International Journal of Production Economics, Elsevier, Elsevier, vol. 114(1), pages 265-275, July.
  81. McNown, Robert & Seip, Knut Lehre, 2011. "Periods and structural breaks in US economic history 1959-2007," Journal of Policy Modeling, Elsevier, Elsevier, vol. 33(2), pages 169-182, March.
  82. Georg H. Strasser, 2010. "The Efficiency of the Global Markets for Final Goods and Productive Capabilities," Boston College Working Papers in Economics, Boston College Department of Economics 766, Boston College Department of Economics, revised 31 Jan 2012.
  83. Owyang, Michael T. & Piger, Jeremy M. & Wall, Howard J. & Wheeler, Christopher H., 2008. "The economic performance of cities: A Markov-switching approach," Journal of Urban Economics, Elsevier, vol. 64(3), pages 538-550, November.
  84. Jeremy M. Piger & Robert H. Rasche, 2008. "Inflation: Do Expectations Trump the Gap?," International Journal of Central Banking, International Journal of Central Banking, International Journal of Central Banking, vol. 4(4), pages 85-116, December.
  85. Marco Cipriani & Graciela L. Kaminsky, 2006. "Volatility in International Financial Market Issuance: The Role of the Financial Center," NBER Working Papers 12587, National Bureau of Economic Research, Inc.
  86. Luca Benati, 2003. "Evolving Post-World War II U.K. Economic Performance," Computing in Economics and Finance 2003, Society for Computational Economics 171, Society for Computational Economics.
  87. Mishkin, Frederic S., 2010. "Monetary policy flexibility, risk management, and financial disruptions," Journal of Asian Economics, Elsevier, Elsevier, vol. 21(3), pages 242-246, June.
  88. Irvine, F. Owen & Schuh, Scott, 2007. "Interest sensitivity and volatility reductions: Cross-section evidence," International Journal of Production Economics, Elsevier, Elsevier, vol. 108(1-2), pages 31-42, July.
  89. Valerie A. Ramey & Daniel J. Vine, 2004. "Tracking the Source of the Decline in GDP Volatility: An Analysis of the Automobile Industry," NBER Working Papers 10384, National Bureau of Economic Research, Inc.
  90. Hanck, Christoph, 2008. "Nonstationary-Volatility Robust Panel Unit Root Tests and the Great Moderation," MPRA Paper 11988, University Library of Munich, Germany.
  91. Christoph Hanck & Robert Czudaj, 2013. "Nonstationary-Volatility Robust Panel Unit Root Tests and the Great Moderation," Ruhr Economic Papers, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen 0434, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  92. Kero, Afroditi, 2013. "Banks’ risk taking, financial innovation and macroeconomic risk," The Quarterly Review of Economics and Finance, Elsevier, Elsevier, vol. 53(2), pages 112-124.
  93. Fuentes-Albero, Cristina, 2012. "Financial Frictions, Financial Shocks, and Aggregate Volatility," Dynare Working Papers, CEPREMAP 18, CEPREMAP.
  94. F. Owen Irvine & Scott Schuh, 2005. "Interest sensitivity and volatility reductions: cross-section evidence," Working Papers, Federal Reserve Bank of Boston 05-4, Federal Reserve Bank of Boston.
  95. Steven Lugauer, 2012. "Estimating the Effect of the Age Distribution on Cyclical Output Volatility Across the United States," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 94(4), pages 896-902, November.
  96. Hyunbae Chun & Jung-Wook Kim & Jason Lee & Randall Morck, 2004. "Patterns of Comovement: The Role of Information Technology in the U.S. Economy," NBER Working Papers 10937, National Bureau of Economic Research, Inc.
  97. Irvine, F. Owen, 2007. "Sales persistence and the reduction in GDP volatility," International Journal of Production Economics, Elsevier, Elsevier, vol. 108(1-2), pages 22-30, July.
  98. Francesco Nucci & Marianna Riggi, 2011. "Performance pay and shifts in macroeconomic correlations," Temi di discussione (Economic working papers), Bank of Italy, Economic Research and International Relations Area 800, Bank of Italy, Economic Research and International Relations Area.
  99. Jordi Gali & Luca Gambetti, 2008. "On the Sources of the Great Moderation," NBER Working Papers 14171, National Bureau of Economic Research, Inc.
  100. John A. Tatom, 2011. "Inflation and Asset Prices," NFI Working Papers, Indiana State University, Scott College of Business, Networks Financial Institute 2011-WP-26, Indiana State University, Scott College of Business, Networks Financial Institute.
  101. Jan J. J. Groen & George Kapetanios, 2008. "Revisiting useful approaches to data-rich macroeconomic forecasting," Staff Reports, Federal Reserve Bank of New York 327, Federal Reserve Bank of New York.
  102. Chang-Jin Kim & Charles Nelson, 1998. "A Bayesian Approach to Testing for Markov Switching in Univariate and Dynamic Factor Models," Discussion Papers in Economics at the University of Washington, Department of Economics at the University of Washington 0059, Department of Economics at the University of Washington.
  103. Serena Ng & Jonathan H. Wright, 2013. "Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling," NBER Working Papers 19469, National Bureau of Economic Research, Inc.
  104. Toshiaki Watanabe & Hirokuni Uchiyama, 2005. "Structural Change in Japanese Business Fluctuations and Nikkei 225 Stock Index Futures Transactions," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, Policy Research Institute, Ministry of Finance Japan, vol. 1(1), pages 19-32, March.
  105. Arturo Ormeno, 2008. "Great Moderation debate: should we be worry about using approximated policy functions?," 2008 Meeting Papers, Society for Economic Dynamics 659, Society for Economic Dynamics.
  106. Wei Dong, 2010. "The Role of Expenditure Switching in the Global Imbalance Adjustment," Working Papers, Bank of Canada 10-16, Bank of Canada.
  107. Bartosz Mackowiak, 2005. "What does the Bank of Japan do to East Asia?," SFB 649 Discussion Papers, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany SFB649DP2005-059, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
  108. Giuseppe Cavaliere & Morten Ørregaard Nielsen & A.M. Robert Taylor, 2014. "Bootstrap Score Tests for Fractional Integration in Heteroskedastic ARFIMA Models, with an Application to Price Dynamics in Commodity Spot and Futures Markets," CREATES Research Papers, School of Economics and Management, University of Aarhus 2014-22, School of Economics and Management, University of Aarhus.
  109. F. Owen Irvine, 2004. "Sales persistence and the reductions in GDP volatility," Working Papers, Federal Reserve Bank of Boston 05-5, Federal Reserve Bank of Boston.
  110. James H. Stock & Mark W. Watson, 2003. "Has the business cycle changed?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, pages 9-56.
  111. Stephen G. Cecchetti & Alfonso Flores-Lagunes & Stefan Krause, 2006. "Assessing the Sources of Changes in the Volatility of Real Growth," NBER Working Papers 11946, National Bureau of Economic Research, Inc.
  112. Kliem, Martin & Kriwoluzky, Alexander & Sarferaz, Samad, 2013. "On the low-frequency relationship between public deficits and inflation," Discussion Papers, Deutsche Bundesbank, Research Centre 12/2013, Deutsche Bundesbank, Research Centre.
  113. Gary Koop & Simon M. Potter, 2004. "Prior Elicitation in Multiple Change-point Models," Discussion Papers in Economics, Department of Economics, University of Leicester 04/26, Department of Economics, University of Leicester.
  114. Hendrickson, Joshua, 2010. "An Overhaul of Fed Doctrine: Nominal Income and the Great Moderation," MPRA Paper 20346, University Library of Munich, Germany.
  115. James Feigenbaum & Geng Li, 2011. "Household income uncertainties over three decades," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2011-25, Board of Governors of the Federal Reserve System (U.S.).
  116. repec:hal:journl:halshs-00658540 is not listed on IDEAS
  117. Ricardo Félix & Gabriela Castro & José Maria & Paulo Júlio, 2013. "Fiscal Multipliers in a Small Euro Area Economy: How Big Can They Get in Crisis Times?," EcoMod2013, EcoMod 5307, EcoMod.
  118. Gerald Carlino & Robert DeFina & Keith Sill, 2005. "On the stability of employment growth: a postwar view from the U.S. states," Working Papers 04-21, Federal Reserve Bank of Philadelphia.
  119. Bullard, James & Singh, Aarti, 2008. "Worldwide macroeconomic stability and monetary policy rules," Journal of Monetary Economics, Elsevier, Elsevier, vol. 55(Supplemen), pages S34-S47, October.
  120. Ichiue, Hibiki & Koyama, Kentaro, 2011. "Regime switches in exchange rate volatility and uncovered interest parity," Journal of International Money and Finance, Elsevier, Elsevier, vol. 30(7), pages 1436-1450.
  121. Jean Pisani-Ferry & Xavier Debrun & André Sapir, 2008. "Government Size and Output Volatility," IMF Working Papers, International Monetary Fund 08/122, International Monetary Fund.
  122. Barnett, William A. & Chauvet, Marcelle & Leiva-Leon, Danilo, 2014. "Real-Time Nowcasting Nominal GDP Under Structural Break," MPRA Paper 53699, University Library of Munich, Germany.
  123. James A. Feigenbaum & Geng Li, 2010. "A semiparametric characterization of income uncertainty over the life cycle," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2010-42, Board of Governors of the Federal Reserve System (U.S.).
  124. Monica Billio & Roberto Casarin & Francesco Ravazzolo & Herman K. van Dijk, 2013. "Interactions between Eurozone and US Booms and Busts: A Bayesian Panel Markov-switching VAR Model," Tinbergen Institute Discussion Papers, Tinbergen Institute 13-142/III, Tinbergen Institute.
  125. Yoon, Gawon, 2005. "Has the U.S. economy really become less correlated with that of the rest of the world?," Economic Modelling, Elsevier, Elsevier, vol. 22(1), pages 147-158, January.
  126. Hendrickson, Joshua R., 2012. "An overhaul of Federal Reserve doctrine: Nominal income and the Great Moderation," Journal of Macroeconomics, Elsevier, Elsevier, vol. 34(2), pages 304-317.
  127. Owen Irvine & Scott Schuh, 2002. "Inventory investment and output volatility," Working Papers, Federal Reserve Bank of Boston 02-6, Federal Reserve Bank of Boston.
  128. WenShwo Fang & Stephen M. Miller, 2012. "Output Growth and Its Volatility: The Gold Standard through the Great Moderation," Working Papers, University of Nevada, Las Vegas , Department of Economics 1205, University of Nevada, Las Vegas , Department of Economics.
  129. Christopher Reicher & Johannes Utlaut, 2011. "The effect of inflation on real commodity prices," Kiel Working Papers, Kiel Institute for the World Economy 1704, Kiel Institute for the World Economy.
  130. Joakim Westerlund, . "Heteroskedasticity Robust Panel Unit Root tests," Financial Econometics Series, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance 2014_02, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
  131. Keith Kuester & Goethe University, 2006. "Real Price and Wage Rigidities in a Model with Matching Frictions," Computing in Economics and Finance 2006, Society for Computational Economics 152, Society for Computational Economics.
  132. Dennis Gaertner, 2007. "Why Bayes Rules: A Note on Bayesian vs. Classical Inference in Regime Switching Models," SOI - Working Papers, Socioeconomic Institute - University of Zurich 0719, Socioeconomic Institute - University of Zurich.
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