Kim acknowledges support from the Korea Research Foundation under grant KRF-2002-C00196. Piger acknowledges support from the Grover and Creta Ensley Fellowship in Economic Policy. Startz acknowledges support from the National Science Foundation under grant SES9711301 and the Castor Professorship at the University of Washington. We received helpful comments from the editor, three anonymous referees, James Morley, Charles Nelson, Keith Sill, and seminar participants at the Federal Reserve's Spring 2001 System Meeting on Macroeconomics, the University of Bristol, the University of Virginia, the University of Washington, and Washington University. Responsibility for errors is entirely the authors'. This paper is based on chapter 3 of Piger's Ph.D. dissertation at the University of Washington, and was substantially revised while Piger was a Senior Economist at the Federal Reserve Bank of St. Louis. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of St. Louis or the Federal Reserve System.
The Dynamic Relationship between Permanent and Transitory Components of U.S. Business Cycles
Article first published online: 18 JAN 2007
Journal of Money, Credit and Banking
Volume 39, Issue 1, pages 187–204, February 2007
How to Cite
KIM, C.-J., PIGER, J. M. and STARTZ, R. (2007), The Dynamic Relationship between Permanent and Transitory Components of U.S. Business Cycles. Journal of Money, Credit and Banking, 39: 187–204. doi: 10.1111/j.0022-2879.2007.00008.x
- Issue published online: 18 JAN 2007
- Article first published online: 18 JAN 2007
- Received September 12, 2002; and accepted in revised form November 8, 2005.
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