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.
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More From: The International Journal of Latest Trends in Finance and Economic Sciences
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