Output Persistence in Portugal
António Caleiro
International Journal of Finance, Insurance and Risk Management, 2012, vol. 2, issue 3, 206
Abstract:
The measurement of output persistence in Portugal is the main goal of this paper. By the use of a non-parametric methodology, it is shown that the level of output in Portugal exhibits a relatively high degree of persistence. This result is essential from a (contractionary/expansionary) policy point of view as the magnitude and duration of policy effects depend upon the level of persistence in output.
Keywords: Output; Persistence; Portugal. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijfirm:v:2:y:2012:i:3:p:206
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