The Portuguese business cycle: chronology and duration dependence
This paper tries to identify, for the first time, a chronology for the Portuguese business cycle and test for the presence of duration dependence in the respective phases of expansion and contraction. A duration dependent Markov-switching vector autoregressive model is employed in that task. This mo...
| Autor principal: | |
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2011
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| Assuntos: | |
| Texto completo: | http://hdl.handle.net/1822/11991 |
| País: | Portugal |
| Oai: | oai:repositorium.sdum.uminho.pt:1822/11991 |