Title: A Search for Business Cycles with Spectral Analysis
Abstract:There has been considerable debate in recent years about whether well-defined business cycles even exist. At one extreme are those who assert that so-called business cycles are caused by exogenous sho...There has been considerable debate in recent years about whether well-defined business cycles even exist. At one extreme are those who assert that so-called business cycles are caused by exogenous shocks. At the other extreme are those who believe that business cycles may be endogenous, i.e., the economy has a natural tendency to go through periods of recession and depression. We used spectral analysis to search for business cycles, but we did not find any clear evidence of their existence.Read More
Publication Year: 1984
Publication Date: 1984-08-01
Language: en
Type: preprint
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot