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Antonio Moreno Almárcegui

Publicaciones científicas más recientes (desde 2010)

Autores: Gil, Luis Alberiko; Moreno Almárcegui, Antonio ;
Revista: EMPIRICAL ECONOMICS
ISSN 0377-7332  Vol. 43  Nº 1  2012  págs. 427-446
This article identifies structural breaks in the post-World War II joint dynamics of U.S. inflation, unemployment and the short-term interest rate. We use a structural break-date procedure which allows for long-memory behavior in all three series and perform the analysis for alternative data frequencies. Both long-memory and short-run coefficients are relevant for characterizing the changing patterns of U.S. macroeconomic dynamics. We provide an economic interpretation of those changes by examining the link between macroeconomic events and structural breaks.

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