Estimating common sectoral cycles
Article Abstract:
A study was conducted on business cycles using a theoretical model based on Long and Plesser and a new multivariate method called 'common trends and common cycles.' Results suggest that Sectoral Per-Capita GNP share several similar idiosyncratic common trends but few idiosyncratic common cycles. In addition, sectoral cycles were observed to have been caused by a common component, such as the second EC term.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 1995
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An exploration into PigouEs theory of cycles
Article Abstract:
The paper formulates Pigou Cycles to explore quantitative plausibility as a theory of recessions and booms of a business cycle. The Pigou cycle explains how anticipation and investment growth rates are affected by the variation from expected investment process.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
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International business cycles: what are the facts?
Article Abstract:
The stylized facts of international business cycles are focused. The generalized method of moments and quarterly data from twenty industrialized countries are co-related and the results are mostly positive.
Publication Name: Journal of Monetary Economics
Subject: Economics
ISSN: 0304-3932
Year: 2004
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