Real business cycle: a critical review

Article Abstract:

An overview of the agenda behind real business cycle research that addresses the primary empirical and theoretical issues involved is presented. The results indicate that, despite the popularity of real business cycle research, the technique has not been convincing enough in producing a working theory of the business cycle. This conclusion is achieved despite the obvious popularity of the methodological approach as evidenced by the amount of literature published.

Business forecasting

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India's economic policy reforms: a review

Article Abstract:

A discussion of the issues involved in the economic policy reforms implemented by the Indian government starting in Jul 1991 is presented. The reforms, implemented to address a balance of payment crisis, continue to face several challenges. These challenges can be grouped under an 'economic agenda' or measures that are required to maintain economic growth and a 'development agenda' or measures that are needed to promote human development.

Economic policy, Economic development, India

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Moving average detrending and the analysis of business cycles

Article Abstract:

The use of moving average detrending in the context of integrated processes is investigated. Results show that such detrending can eliminate as much as two unit roots from processes with deterministic and/or stochastic nonstationarity. It is also revealed that moving average detrending can radically transform the medium of long-term properties of the disturbance process.

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