International evidence on the persistence of economic fluctuations

Blanchard, 1981, What is left of the multiplier-accelerator?, American Economic Review Papers and Proceedings, 71, 150 Campbell, 1987, Are output fluctuations transitory?, Quarterly Journal of Economics, 102, 857, 10.2307/1884285 Campbell, 1987, Permanent and transitory components in macroeconomic fluctuations, American Economic Review Papers and Proceedings, 77, 111 Clark, 1987, The cyclical component of U.S. economic activity, Quarterly Journal of Economics, 102, 797, 10.2307/1884282 Cochrane, 1988, How big is the random walk in GNP?, Journal of Political Economy, 96, 893, 10.1086/261569 Dickey, 1981, Likelihood ratio statistics for autoregressive time series with a unit root, Econometrica, 49, 1057, 10.2307/1912517 Engle, 1987, Cointegration and error-correction: Representation, estimation and testing, Econometrica, 55, 251, 10.2307/1913236 Huizinga, 1987, An empirical investigation of the long-run behavior of real exchange rates, Carnegie-Rochester Conference Series on Public Policy, 27, 149, 10.1016/0167-2231(87)90007-8 Kormendi, 1987 Kydland, 1980, A competitive theory of fluctuations and the feasibility and desirability of stabilization policy Lo, 1988, The size and power of the variance ratio test in finite samples: A Monte Carlo investigation, Journal of Econometrics Lucas, 1977, Understanding business cycles, Carnegie-Rochester Conference Series on Public Policy, 5, 7, 10.1016/0167-2231(77)90002-1 Nelson, 1982, Trends and random walks in macroeconomic time series, Journal of Monetary Economics, 10, 139, 10.1016/0304-3932(82)90012-5 Priestley, 1982 Romer, 1986, The prewar business cycle reconsidered: New estimates of gross national product, 1869–1918 Schwert, 1987 Stock, 1987, Testing for common trends Stockman, 1987 Stulz, 1985, Macroeconomic time-series, business cycles, and macroeconomic policies, Carnegie-Rochester Conference Series on Public Policy, 22, 9, 10.1016/0167-2231(85)90025-9 Watson, 1986, Univariate detrending methods with stochastic trends, Journal of Monetary Economics, 18, 1, 10.1016/0304-3932(86)90054-1