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- W1516803776 abstract "There is a wide literature on the dynamic adjustment of employment and its relationship with the business cycle. Our aim is to propose a statistical model that offers a congruent representation of post-war US employment and output data. We use a cointegrated vector autoregressive Markov-switching model where some parameters are changing according to phase of the business and employment cycle." @default.
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- W1516803776 date "1999-01-01" @default.
- W1516803776 modified "2023-09-27" @default.
- W1516803776 title "A New Approach to the Analysis of Shocks and the Cycle in a Model of Output and Employment" @default.
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