The global financial crisis and Covid‐19 recession have renewed discussion concerning
trend‐cycle discovery in macroeconomic data, and boosting has recently upgraded the …

We provide theoretical underpinnings to the traditional IS curve by using the concept of
basic and non-basic goods and services in the consumption basket. An extended version of …

An article published in 2018 by JD Hamilton gained significant attention due to its
provocative title,“Why you should never use the Hodrick-Prescott filter.” Additionally, an …

This paper builds on prior work by the author on cost share-induced technological change.
The theoretical model views selection of candidate innovations as a capital budgeting …

This paper focusses on Secular Stagnation in the United States. It answers to two research
questions. First: is Secular Stagnation a fact? Second: conditional to the previous reply, how …

This paper offers a contribution to the literature on science policies and on the possible trade-
off that might arise between broad spectrum science-technology policies and …

Abstract The Hodrick-Prescott filter is a convenient and therefore widely and routinely
applied detrending method in macroeconomics working with empirical data. However …

Traditional estimates of the potential output are prone to retrospective revisions after sharp
fluctuations. The alternative'Plucking'view offers a possible headway. While straightforward …

We examine how lenders design contracts when borrowers are exposed to volatile transitory
or permanent cash flow shocks. We find that volatile transitory shocks are associated with …