Nonlinear Time Series Analysis Of Business Cycles

This book comprises 15 original papers in which parametric nonlinear time series models are applied to business cycle data to address important questions such as: Do out-of-sample forecasts obtained with nonlinear time series models dominate those generated with linear models? How should business cycles be dated and measured? What is the response of output to monetary shocks? Is the business cycle asymmetric, and does it matter?