UID:
edoccha_9961574142802883
Umfang:
1 online resource (148 pages)
Ausgabe:
1st ed.
ISBN:
9783031577697
Anmerkung:
Intro -- Acknowledgments -- About This Book -- Contents -- About the Author -- List of Figures -- List of Tables -- 1 Introduction to Modern Mainstream Macroeconomic Thought Versus Keynes' Views on Recoveries from Recessions -- 1.1 Overview of Classical, Monetarist, and Mainstream Modern Keynesian Analysis -- 1.2 Keynes' View on Full Employment in The General Theory of Employment, Interest, and Money -- 1.3 A Brief Overview of This Book -- References -- 2 Literature Review of Major Schools of Macroeconomic Thought and Empirical Work -- 2.1 A Brief Introduction -- 2.2 Schools of Macroeconomic Thought -- 2.3 Econometric Work Related to the Duration of Negative Aggregate Demand Shocks -- References -- 3 Results from Estimating and Projecting Trends for Recent Recessions -- 3.1 Introductory Comments -- 3.2 The Great Recession -- 3.3 The Dot-Com-Bubble Recession -- 3.4 Recap and Preparatory Remarks for the Next Chapter -- References -- 4 Econometric Issues To Consider and Model Selection for Some Hypothesis Tests -- 4.1 Brief Recap of Results from Previous Chapters and Introduction to the Current Chapter -- 4.2 Standard Regression Assumptions -- 4.3 Some Notes About Testing with Data in First Difference Form -- 4.4 Model Selection, Differencing, and a Caveat -- References -- 5 Hypothesis Testing with Real GDP: Somewhat Mixed Results -- 5.1 Chow Breakpoint Testing -- 5.2 Wald Restriction Tests and t-Tests of Intercept Terms -- 5.3 Chow Forecast Test Results -- 5.4 Testing for a Unit Root with a Break: Tentative Results -- 5.5 Brief Summary of Results from Testing for Breaks -- References -- 6 Derived Demand for Labor and Breaks in Trend: Does Hysteresis in Employment Imply Hysteresis in the Growth Path of Real Output? -- 6.1 The Demand for Labor and a Very Brief Description of U.S. Nonfarm Payroll Employment-A Nonstationary Series.
,
6.2 Breakpoint Unit Root Testing for U.S. Nonfarm Payroll Employment -- 6.3 Chow Breakpoint Testing for U.S. Nonfarm Payroll Employment -- 6.4 Summary of Results from Testing for Employment Breaks and Preparation for the Final Chapter -- References -- 7 Similar Results from an Extended Sample Period and Concluding Remarks to Guide Future Work -- 7.1 Introduction and an Extended Sample Period with a Simple Method for Estimating Trend -- 7.2 Breakpoint Unit Root Testing with an Extended Sample Period -- 7.3 Chow Breakpoint Testing with an Extended Sample Period and a Brief Recap -- 7.4 Book Summary to This Point -- 7.5 Thoughts about the Importance of and Explanations for the Results and Future Work -- References -- Index.
Weitere Ausg.:
Print version: Hartman, Harrison C. Bad Breaks in Real GDP and Employment Cham : Springer International Publishing AG,c2024 ISBN 9783031577680
Sprache:
Englisch
