Nonlinearity and the permanent effects of recessions

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Monetary Policy Strategy: Lessons from the Crisis (2011, unknown): “First, the dynamic behavior of the economy may well exhibit nonlinearities, at least in response to some shocks (Hamilton, 1989; Kim and Nelson, 1999; and Kim, Morley, and Piger, 2005).”
A model of carbon price interactions with macroeconomic and energy dynamics (2011, background): “Kim et al. (2005) have shown that Markov-switching regimes applied to US realGDPare closely related toNBER-dated recessions andexpansions.”
The Asymmetric Business Cycle (2012, methodology): “Following Kim et al. (2005), we assume m ¼ 6 for the bounceback models, which allows recoveries to persist for up to six quarters following the end of a recession.”
Bayesian nonparametric vector autoregressive models (2018, unknown): “(2013), and Lanne et al. (2015) use independent component analysis (ICA). They assume the t’s to be independent and non-Gaussian and represent the residuals (obtained when estimating the VAR model) as linear mixtures of them, connected by some ‘mixing matrix’, Γ. Lanne and Lütkepohl (2010) model the”