Year: 2018
Type: article
Abstract: Notes: Panel A plots Hodrick-Prescott-filtered (HP-filtered) nonseasonally adjusted log national employment data (blue line) and HP-filtered seasonally adjusted log national employment data (black line).The shaded areas in panel A indicate official periods of recession as identified by the National Bureau of Economic Research.Panel B plots the point estimates of the monthly dummy coefficients (β k ) from equation 1 (asterisks) for employment, together with plus and minus two-standard-error bands (vertical lines that run through the asterisks).See the text for further details.
Source: Economic Perspectives
DOI: 10.21033/ep-2018-3
Authors: Menelik Geremew, François Gourio
Language: English
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2887153780