Rare shocks, great recessions
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Abstract
Suggested Citation
Note: a published version of this report, see Vasco Cúrdia, Marco Del Negro, and Daniel L. Greenwald, "Rare Shocks, Great Recessions," Journal of Applied Econometrics 29, no. 7 (2014): 1032-52.
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Other versions of this item:
- Vasco Cúrdia & Marco Del Negro & Daniel L. Greenwald, 2014. "Rare Shocks, Great Recessions," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(7), pages 1031-1052, November.
- Vasco Curdia & Marco Del Negro & Daniel L. Greenwald, 2013. "Rare Shocks, Great Recessions," Working Paper Series 2013-01, Federal Reserve Bank of San Francisco.
- Marco Del Negro & Vasco Curdia, 2012. "Rare Shocks, Great Recessions," 2012 Meeting Papers 654, Society for Economic Dynamics.
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More about this item
Keywords
Bayesian analysis; DSGE models; fat tails; stochastic volatility; Great Recession;All these keywords.
JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2013-01-07 (Business Economics)
- NEP-DGE-2013-01-07 (Dynamic General Equilibrium)
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