Browsing by Title "Do shocks permanently change output? : Local persistency in economic time series"

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Do shocks permanently change output? : Local persistency in economic time series

Lima, Luiz Renato Regis de Oliveira; Xiao, Zhijie
2004-03-01

While it is recognized that output fuctuations are highly persistent over certain range, less persistent results are also found around very long horizons (Conchrane, 1988), indicating the existence of local or temporary ...