recessions_us

Recession periods in the United States since 1960.

datasets

Determining potential output and the output gap - two inherently unobservable variables - is a major challenge for macroeconomists. 'sectorgap' features a flexible modeling and estimation framework for a multivariate Bayesian state space model identifying economic output fluctuations consistent with subsectors of the economy. The proposed model is able to capture various correlations between output and a set of aggregate as well as subsector indicators. Estimation of the latent states and parameters is achieved using a simple Gibbs sampling procedure and various plotting options facilitate the assessment of the results. For details on the methodology and an illustrative example, see Streicher (2024) <https://www.research-collection.ethz.ch/handle/20.500.11850/653682>.

Sina Streicher

sectorgap

Consistent Economic Trend Cycle Decomposition

recessions_us function

A data frame with two columns:<dl>
<dt>start</dt>
<dd>start date of recession, in quarters</dd><dt>end</dt>
<dd>end date of recession, in quarters</dd>
</dl>

Format

US recessions — recessions_us

A data frame with two columns:<dl>
<dt>start</dt>
<dd>start date of recession, in quarters</dd>

<dt>end</dt>
<dd>end date of recession, in quarters</dd>


</dl>

recessions_us: US recessions

Description

Usage

Arguments

Format