The Sources and Nature of Long-term Memory in the Business Cycle
收藏NBER1989-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2951
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资源简介：
This paper examines the stochastic properties of aggregate macroeconomic time series from the standpoint of fractionally integrated models, and focuses on the persistence of economic shocks. We develop a simple macroeconomic model that exhibits long-term dependence, a consequence of aggregation in
提供机构：
美国国家经济研究局
创建时间：
1989-04-01
