Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059567 | Economics Letters | 2013 | 4 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mehdi Hosseinkouchack, Maik H. Wolters,