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Conditional and Unconditional Asymmetry in U.S. Macroeconomic Time Series
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Jorge Belaire-Franch
Veröffentlicht/Copyright:
24. April 2003
This paper examines conditional and unconditional asymmetries in the Nelson and Plosser dataset by using two tests recently proposed by Jushan Bai and Serena Ng. In line with previous research, the results show that asymmetry is not a proper characterization of most macroeconomic series, although labor variables like employment and the unemployment rate present unconditional asymmetries.
Published Online: 2003-4-24
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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- Identifying Nonlinear Components by Random Fields in the US GNP Growth. Implications for the Shape of the Business Cycle
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Artikel in diesem Heft
- Article
- Investment Under Uncertainty with Stochastically Switching Profit Streams: Entry and Exit over the Business Cycle.
- Identifying Nonlinear Components by Random Fields in the US GNP Growth. Implications for the Shape of the Business Cycle
- Terror Cycles
- Conditional and Unconditional Asymmetry in U.S. Macroeconomic Time Series
