Let's take a break: Trends and cycles in US real GDP
By Pierre Perron, Tatsuma Wada. 2009
205 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/ca79af530c9f391ae8dbc27d36b88c6cdd8f7792
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Pierre Perron
- Tomoyoshi Yabu
- Joshua C. C. Chan
- Angelia L. Grant
- Jeremy Piger
- James Morley
- Yang K. Lu
- Andreas Fuster
Citations in the corpus
- Testing for Shifts in Trend With an Integrated or Stationary Noise Component (2009, methodology): “The results of Perron and Wada (2006) are more in line with those of model II; they document the fact that the change occurs over several quarters around 1973:1, though the bulk of it is within a 1-year period.”
- Modeling and forecasting stock return volatility using a random level shift model (2010, methodology): “The model described in the previous section is a special case of the class of models considered by Wada and Perron (2006) .”
- The Asymmetric Business Cycle (2012, background): “Before turning to the nonlinear models, it is worth comparing the results obtained for the linear models to the conclusions of Perron and Wada (2009), who argue that the sensitivity of model-based measures of the business cycle is due to a failure to account for structural breaks.”
- Reconciling Output Gaps: Unobserved Components Model and Hodrick-Prescott Filter (2017, methodology): “This finding contrasts with the results in Perron and Wada (2009), who find that when a break is allowed for, the estimates from correlated UC models with and without a break differ substantially.”
- Natural Expectations, Macroeconomic Dynamics, and Asset Pricing (2012, background): “See Campbell and Mankiw (1987); Cochrane (1988); Morley, Nelson, and Zivot (2003); and Perron and Wada (2009) for a range of opinions.”
- Tracking the Slowdown in Long-Run GDP Growth (2017, background): “Consequently, papers such as Perron and Wada (2009) have modeled the growth rate of GDP as stationary around a trend with one large break around 1973.”