405,520 research outputs found
Marriner S. Eccles, correspondence with Senator Gaylord Nelson
No full textCorrespondence of Marriner S. Eccles with Gaylord Nelson, U.S. Senator from Wisconsin. Includes a statements on Vietnam by Senator Nelson, printed in the Congressional Record on 1 March 1966 and 18 September 1967, and a 5-page typescript of a campaign speech by the Senator given 27 May 1968 in Madison, Wisconsin
Anna Lena Hanson Nelson
No full textPhotograph shows studio portrait of Mrs. Nelson (1810-1888), widow of Arvid Nelson, as an aged woman, wearing a black bonnet and white lace collar.Photographer's imprint: ''S. Noyd Round Rock, Tex.'
You are my dream of paradise, you are my honey too [first line of chorus]
No full textPerformers: Nelson S. MillerPiano, Voice and Chord
Nelson-Coffey_Online_Appendix – Supplemental material for Parenthood Is Associated With Greater Well-Being for Fathers Than Mothers
No full textSupplemental material, Nelson-Coffey_Online_Appendix for Parenthood Is Associated With Greater Well-Being for Fathers Than Mothers by S. Katherine Nelson-Coffey, Matthew Killingsworth, Kristin Layous, Steve W. Cole and Sonja Lyubomirsky in Personality and Social Psychology Bulletin</p
Dr. Nels Peter Nelson and wife Bertha
No full textPortrait of Dr. Nels Peter Nelson, son of Elder Nels P. and Andrea Nelson, with wife Berth
Our rolling kitchen, cooks and K.P.'s on hike south from Verdun after the armistice.
No full textPhotograph from Gus Nelson's service with the 102nd Machine Gun Battalion, 26th U.S. Infantry Division; complete caption by Nelson reads: "Our rolling kitchen, cooks and K.P.'s on hike south from Verdun after the armistice." Names of six out of seven soldiers written in pencil on image; see reverse of original print for more details.Title from a caption by Gus Nelson. Gustaf "Gus" Nelson entered Norwich University as a member of the Class of 1919; he left school to serve in World War I and served with the 102nd Machine Gun Battalion of the Yankee Division. After the war, he returned to Norwich University and graduated in 1924
Commentary on "targeting versus instrument rules for monetary policy: what is wrong with McCallum and Nelson?"
No full textThe following are comments in response to Lars Svensson's "Targeting versus Instrument Rules for Monetary Policy: What Is Wrong with McCallum and Nelson?"Monetary policy
Beveridge-Nelson Decomposition with Markov Switching
No full textThis paper considers Beveridge-Nelson decomposition in a context where the permanent and transitory components both follow a Markov switching process. Our approach incorporates Markov switching into a single source of error state-space framework, allowing business cycle asymmetries and regime switches in the long run multiplier.Beveridge-Nelson decomposition, Markov switching, Single source of error state space models
The Multistep Beveridge-Nelson Decomposition
No full textThe Beveridge-Nelson decomposition defines the trend component in terms of the eventual forecast function, as the value the series would take if it were on its long-run path. The paper introduces the multistep Beveridge-Nelson decomposition, which arises when the forecast function is obtained by the direct autoregressive approach, which optimizes the predictive ability of the AR model at forecast horizons greater than one. We compare our proposal with the standard Beveridge-Nelson decomposition, for which the forecast function is obtained by iterating the one-step-ahead predictions via the chain rule. We illustrate that the multistep Beveridge-Nelson trend is more efficient than the standard one in the presence of model misspecification and we subsequently assess the predictive validity of the extracted transitory component with respect to future growth.Trend and Cycle; Forecasting; Filtering.
The Relationship between the Beveridge-Nelson Decomposition andUnobserved Component Models with Correlated Shocks
No full textMany researchers believe that the Beveridge-Nelson decomposition leads to permanent and transitory components whose shocks are perfectly negatively correlated. Indeed, some even consider it to be a property of the decomposition. We demonstrate that the Beveridge-Nelson decomposition does not provide definitive information about the correlation between permanent and transitory shocks in an unobserved components model. Given an ARIMA model describing the evolution of U.S. real GDP, we show that there are many state space representations that generate the Beveridge-Nelson decomposition. These include unobserved components models with perfectly correlated shocks and partially correlated shocks. In our applications, the only knowledge we have about the correlation is that it lies in a restricted interval that does not include zero. Although the filtered estimates of the trend and cycle are identical for models with different correlations, the observationally equivalent unobserved components models produce different smoothed estimates.
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