Permanent vs transitory components and economic fundamentals
نویسندگان
چکیده
منابع مشابه
Permanent and Transitory Components of Recessions
We propose a generalization of existing business cycle models which allows us to decompose recessions into permanent and transitory components. We find that the transitory component of recessions accounts for between 77% and 96% of the observed variance of monthly indicator series. Our results suggest the following three phase characterization of the business cycle: recession, high-growth recov...
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This paper analyzes job mismatches in Switzerland based on a subjective measure of overqualification. According to job search and job matching theories, overqualification is a transitory problem for the individual worker that results from informational deficits. This problem ceases to exist once access to better information about the labor market allows the worker to move to a job with a better...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2006
ISSN: 0883-7252,1099-1255
DOI: 10.1002/jae.850