IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Are Economic Fluctuations Really Persistent? A Reinterpretation of Some International Evidence

  • Demery, D
  • Duck, N W
Registered author(s):

    In this paper, the authors show that estimates of J. H. Cochrane's (1988) suggested measure of the persistence of fluctuations in real output will be biased if there is a single break in the mean rate of growth of output. The authors then show that the major findings of J. Y. Campbell and N. G. Mankiw (1989)--that for a number of industrial countries estimates of Cochrane's measure of persistence are generally very high though different and that a subgroup of countries with high output persistence have low relative output persistence--can be largely accounted for by the difference in each country between its pre-1974 and post-1973 mean growth rates. Copyright 1992 by Royal Economic Society.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://links.jstor.org/sici?sici=0013-0133%28199209%29102%3A414%3C1094%3AAEFRPA%3E2.0.CO%3B2-V&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Royal Economic Society in its journal The Economic Journal.

    Volume (Year): 102 (1992)
    Issue (Month): 414 (September)
    Pages: 1094-101

    as
    in new window

    Handle: RePEc:ecj:econjl:v:102:y:1992:i:414:p:1094-101
    Contact details of provider: Postal: Office of the Secretary-General, School of Economics and Finance, University of St. Andrews, St. Andrews, Fife, KY16 9AL, UK
    Phone: +44 1334 462479
    Web page: http://www.res.org.uk/
    Email:


    More information through EDIRC

    Order Information: Web: http://www.blackwellpublishers.co.uk/asp/journal.asp?ref=0013-0133

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:102:y:1992:i:414:p:1094-101. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)

    or (Christopher F. Baum)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.