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Permanent and Transitory Components in Macroeconomic Fluctuations

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NBER1987-02-01 更新2025-01-04 收录
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Fluctuations in real GNP have traditionally been viewed as transitory deviations from a deterministic time trend. The purpose of this paper is to review some of the recent developments that have led to a new view of output fluctuations and then to provide some additional evidence. Using post-war

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1987-02-01
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