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The Uncertain Trend in U.S. GDP

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  • Nelson, C-R
  • Murray, C-J

Abstract

Several recent papers conclude that US real GDP is trend stationary, implying that all shocks are transitory and the long run path is deterministic.

Suggested Citation

  • Nelson, C-R & Murray, C-J, 1997. "The Uncertain Trend in U.S. GDP," Working Papers 97-05, University of Washington, Department of Economics.
  • Handle: RePEc:udb:wpaper:97-05
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    More about this item

    Keywords

    BUSINESS CYCLES ; UNITED STATES;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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