Trend Breaks, Long-Run Restrictions, and Contractionary Technology Improvements: Appendix

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The Prebisch-Singer Hypothesis: Four Centuries of Evidence (2010, background): “It can be applied to series regardless of whether they contain a unit root or are (trend) stationary and has recently been employed by a number of authors (see, for example, Fuhrer and Rudebusch, 2004; Fisher, 2006; and Fernald, 2007).”
On the Sources of the Great Moderation (2008, background): “…the VAR absorbs the low frequency comovement between D 1yt 2 nt 2 and nt , thus overcoming the potential distortions in the estimates pointed out by Fernald (2007). sequence of innovations 5ut6 follows a Gaussian white noise process with zero mean and time-varying covariance matrix gt , and…”
Investment shocks and business cycles (2010, methodology): “and Ramey (2006), Canova, Lopez-Salido, and Michelacci (2006), Fernald (2007) , Basu,”
Macroeconomic Shocks and Their Propagation (2016, background): “Fisher and Peters (2010) created an alternative series of news based on the excess returns of defense contractor stocks for the period starting in 1958.”