Macroeconomic forecasting during the Great Recession : The return of non-linearity?
نویسندگان
چکیده
منابع مشابه
Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling
This paper provides a survey of business cycle facts, updated to take account of recent data. Emphasis is given to the Great Recession which was unlike most other post-war recessions in the US in being driven by deleveraging and financial market factors. We document how recessions with financial market origins are different from those driven by supply or monetary policy shocks. This helps expla...
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ژورنال
عنوان ژورنال: International Journal of Forecasting
سال: 2015
ISSN: 0169-2070
DOI: 10.1016/j.ijforecast.2014.11.005