The dynamics of business cycles stylized facts using quarterly data for six industrialized countries

Ερωτόκριτος Γ. Βαρελάς

Abstract


This paper examines the empirical evidence concerning the identification of cycles of the aggregate
industrial production, prices and money for six OECD countries using quarterly data.
We used Spectral Analysis (univariate and multivariate). An interesting result is that the monetary
aggregates are procyclical.

Keywords


Industrial production; Business Cycle; Spectral Analysis

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