Predictable Recoveries Xiaoming Cai, Wouter J. Den Haan, and Jonathan Pinder∗ January 22, 2016 Abstract A random walk with drift is a good univariate representation of US GDP. This

First Page		Document Content
		Predictable Recoveries Xiaoming Cai, Wouter J. Den Haan, and Jonathan Pinder∗ January 22, 2016 Abstract A random walk with drift is a good univariate representation of US GDP. This Add to Reading List Source URL: www.wouterdenhaan.com Download Document from Source Website File Size: 695,85 KB Share Document on Facebook