RARE EVENTS IN THE AMERICAN GDP TIME SERIES, 1790 -PRESENT : FACTOR ARTEFACT? | ASJP

Les cahiers du CREAD
Volume 26, Numéro 92, Pages 25-41
2010-03-02

Rare Events In The American Gdp Time Series, 1790 -present : Factor Artefact?

Auteurs : Chikhi Mohamed . Diebolt Claude .

Résumé

This paper studies the cyclical behaviour of the annual American Gross Domestic Product (GDP) series. We show that rare events have varied effects, which give useful information on the nature and the amplitude of economic shocks. Our methodology is, more precisely, an efficient testing procedure to control the robustness of historical time series constructions.

Mots clés

Cliometrics, GDP, Historical Time Series, Outliers, USA.

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