Output volatility in the OECD: are the member states becoming less vulnerable to exogenous shocks?
This paper analysis the vulnerability of the OECD member states to external shocks by estimating the degree of asymmetric effects from positive and negative shocks. We use asymmetric conditional heteroscedasticity models with endogenously determined regime changes in a context of progressive moderat...
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| Format: | article |
| Language: | eng |
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2014
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| Online Access: | http://hdl.handle.net/10400.1/4269 |
| Country: | Portugal |
| Oai: | oai:sapientia.ualg.pt:10400.1/4269 |