Irina B. Panovska

Macroeconomics Publications

• Output Measurement and Technological Shocks in Business Cycles
  with Edouard Wemy
  Applied Economics (published online October 2023)
• Decomposing the Output Gap with Inflation Learning
  with Srikanth Ramamurthy
  Journal of Economic Dynamics and Control, Volume 136 (March 2022)
• Recession-specific recoveries: L’s, U’s and everything in between
  with Luiggi Donayre
  Economics Letters, Volume 209 (2021), 110145
• When Is Discretionary Fiscal Policy Effective?
  with Steven Fazzari and James Morley
  Studies in Nonlinear Dynamics and Econometrics, Volume 25(4) (2021), Pages 229-254
• Macroeconomic Effects of Maternity Leave Legislation in Emerging Economies
  with Erkmen Giray Aslim* and M. Anıl Taş
  Economic Modelling, Vol 100 (July 2021), 105497
• A Look at Jobless Recoveries in G7 Countries
  with Ahmed Elroukh* and Alex Nikolsko-Rzhevskyy
  Journal of Macroeconomics, Vol 64 (2020), Article 103206
• Fast and Slow Cancellations and Trader Behavior
  with Thomas McInish, Olena Nikolsko-Rzhevska, and Alex Nikolsko-Rzhevskyy
  Financial Management, Vol 49(4) (2020), Pages 973-996
• Is Business Cycle Asymmetry Intrinsic in Industrialized Economies?
  with James Morley
  Macroeconomic Dynamics, 24(6) (2020), Pages 1403-1436
  Replication code for calculating the output gaps is available here
• U.S. Wage Growth and Nonlinearities: The Roles of Inflation and Unemployment
  with Luiggi Donayre
  Economic Modelling, 68 (January 2018), Pages 273-292
• What Explains the Recent Jobless Recoveries?
  Macroeconomic Dynamics, 21(3) (April 2017), Pages 708-732
• Testing Stationarity for Unobserved Components Models
  with James Morley and Tara Sinclair
  Macroeconomic Dynamics, 21(1) (January 2017), Pages 160-182
  A zipped folder with Gauss code for implementing the UC LR test is available here
• Nonlinearities in the U.S. Wage Phillips Curve
  with Luiggi Donayre
  Journal of Macroeconomics, Volume 48 (June 2016), Pages 19-43
• State-dependent Exchange Rate Pass-Through Behavior
  with Luiggi Donayre
  Journal of International Money and Finance, Volume 64 (June 2016), Pages 170-195
• State-Dependent Effects of Fiscal Policy
  with Steven Fazzari and James Morley
  Studies in Nonlinear Dynamics and Econometrics, Volume 19, Issue 3 (June 2015), Pages 285–315

Interdisciplinary Publications

• Impacts of COVID-19 local spread and Google search trend on the US stock market
  with Asim Kumer Dey, Toufiq Haq, and Kumer Das
  Physica A, Volume 589 (March 2022), Article Number 126423
• Global Perceptions of the Current and Future Impact of Covid-19 on Hereditary Angioedema Management
  with Vesna Grivcheva-Panovska, Timothy J. Craig, Hilary Longhurst, and Noémi Bara
  Allergy and Asthma Proceedings, Volume 43(1) (January 2022)
• Projections of Dental Care Use Through 2026: Preventative Care to Increase While Treatment Will Decline.
  with Richard Manski and Chad Meyerhoefer
  Health Affairs, December 2016 Vol. 35:2183:2189

Working Papers

• Business Cycle Synchronization and Asymmetry in the European Union
  with Vladimir Arcabic and Josip Tica
  Revise and Resubmit
• Jobless Recoveries and Time Variation in Labor Markets
  with Licheng Zhang
  Revise and Resubmit

Work In Progress

• Weak Identification, the Pile-up Problem, and Finite-Sample Inference for ARMA Models
  with James Morley and Charles R. Nelson
  Currently Updating the Draft; the Previous Draft is Available on Request
• The Speed of State-Level Recoveries
  with Luiggi Donayre
• Estimated Output Gap in a Wage-Inflation Expectations Model
  with Prajyna Barua Soni, Azharul Islam, and Srikanth Ramamurthy