Bayesian estimation of the long-run trend of the US economy
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DOI: 10.1007/s00181-021-02024-4
Abstract: The main purpose of this paper is to scrutinize the long-run trend of the US real GDP during the post-war period. In the empirical analysis, we introduce multivariate unobserved components models that accommodate time-varying volatility… read more here.
Keywords: real gdp; estimation long; bayesian estimation; long run ... See more keywords