This is still a work in progress, but I put together a simple algorithm that forecasts unemployment and determines recessions via the dynamic equilibrium model as the monthly data would have become available for the years 1984-2017.
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Determining recessions with an algorithm
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This is still a work in progress, but I put together a simple algorithm that forecasts unemployment and determines recessions via the dynamic equilibrium model as the monthly data would have become available for the years 1984-2017.