Author Archives: James_Hamilton

Recessions at the state level

I’ve been invited to give the keynote lecture at the Society for Nonlinear Dynamics and Econometrics Annual Symposium next week at the Federal Reserve Bank of San Francisco. I plan on presenting results of some ongoing research with Mike Owyang of the Federal Reserve Bank of St. Louis on regional propagation of business cycles. This is the first of two posts that describe some of our findings about how recessions differ and seem to propagate across different states and regions.

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