Permanent and Transitory Nature of Recessions

Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models

1991 • 11,052 citations

A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle

1989 • 9,360 citations

Inference When a Nuisance Parameter Is Not Identified Under the Null Hypothesis

1996 • 2,280 citations

Measuring Business Cycles

1947 • 1,662 citations

Dynamic linear models with Markov-switching

1994 • 1,446 citations

State-Space Models with Regime-Switching: Classical and Gibbs Sampling Approaches with Applications

2000 • 1,276 citations

Business-Cycle Phases and Their Transitional Dynamics

1994 • 775 citations

Asymptotic Null Distribution of the Likelihood Ratio Test in Markov Switching Models

1998 • 565 citations

Asymmetric Effects of Positive and Negative Money-Supply Shocks

1992 • 544 citations

Do recessions permanently change output?

1993 • 514 citations

Bayes Inference via Gibbs Sampling of Autoregressive Time Series Subject to Markov Mean and Variance Shifts

1993 • 437 citations

An Econometric Characterization of Business Cycle Dynamics with Factor Structure and Regime Switching

1998 • 421 citations

How Does Macroeconomic Policy Affect Output?

1988 • 416 citations

Inventories and the Three Phases of the Business Cycle

1994 • 292 citations

Measuring World Business Cycles

1997 • 266 citations

A Nonparametric Investigation of Duration Dependence in the American Business Cycle

1990 • 244 citations

Unobserved-Component Time Series Models With Markov-Switching Heteroscedasticity: Changes in Regime and the Link Between Inflation Rates and Inflation Uncertainty

1993 • 170 citations

Dating Turning Points in the Business Cycle

1994 • 126 citations

Further Evidence on Business Cycle Duration Dependence

2020 • 102 citations

INTERNATIONAL EVIDENCE ON FRIEDMAN'S THEORY OF THE BUSINESS CYCLE

1993 • 29 citations

Unobserved-Component Time-Series Models with Markov- Switching Heteroskedasticity: Changes in Regimes and the Link between Inflation Rates and Inflation Uncertainty

1992 • 17 citations