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- W2247117781 abstract "We apply a recent quantile autoregression unit root test to US GDP. The test takes into account that the transmission of a shock might depend on the sign and the size of the shock. We find that positive and negative shocks including large recessionary shocks like the 2008/2009 crisis have permanent effects on output." @default.
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- W2247117781 date "2013-12-01" @default.
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- W2247117781 title "Do large recessions reduce output permanently?" @default.
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- W2247117781 doi "https://doi.org/10.1016/j.econlet.2013.10.012" @default.
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