... can be expressed as: (2) C t = [ ( 1 − γ c ) 1 ε c ( C t d   ) ε c − 1 ε c + γ c 1 ε c ( C t m   ) ε c − 1 ε c ] ε c ε c − 1 Business cycles...

... time to buy a house?” with the follow-up question “Why do you say so?” There are several factors for consumers to choose as reasons. Given the strong link between US housing market activity and business cycles, the authors ask whether the responses to the follow-up question explain the behavior...

... models are doing well in signaling the onset of the 2007 subprime crisis although they fail to capture its duration. Last, it should be mentioned that nowadays large parts of the business cycle literature related to recession forecasts deal with real-time data, as revisions and publication lags...

... have more power than the traditional ones in detecting the null hypothesis of a unit root. Unemployment Business cycles European Union specifying that each series has a unit root B_i=1 against H1...

... – heterogeneous expectations setups. Findings The attention will be mainly focused on the theme of business cycles; an interpretation of the deterministic real business cycle model with increasing returns is proposed and a graphical analysis of the underlying system shows that strange attractors...

...Roger J. Sandilands Presents chapter IX of Lauchlin Currie's PhD thesis which discusses bank assets and the business cycle. © Company 2004 Banking Assets management Business cycles The important point, brought out in this study, is that the ability to expand and contract bank...

...H.M. Leung Less developed countries (LDCs) have seen considerable business cycles in recent decades. At the same time they have significantly increased their external‐debt‐to‐GDP ratios. It seems natural to suspect that increased indebtedness and the amplified cycles are linked. The paper presents...

...Antonio García‐Ferrer; Ana del Río We analyze historical business cycles as a sum of short‐ and medium‐term cycles defined for a particular class of unobserved component models. By associating the trend with the low frequencies of the pseudo‐spectrum in the frequency domain, manipulation...

...Michela Vecchi Provides an overview of the real business cycle research agenda, tackling the main theoretical and empirical issues. Concludes that although this methodological approach has been popular in terms of the number of papers published, it has not been completely convincing in providing...

...David G. McMillan; Alan E.H. Speight Reappraises the stylised facts of the contemporary UK business cycle and the robustness of associated sample moments to detrending under the Hodrick‐Prescott (HP) filter and an unobserved components (UC) model based on the structural time series mode of Harvey...

... it in future. © MCB UP Limited 1998 Business cycles Chicago tradition Monetarism Recession Underconsumption George Tavlas (1997 and 1998 this issue) disagrees with the story I have told about the origins of the Chicago tradition, but he has not shown that the extensive body...

... of monetary policy in the great contraction, they can surely be settled by referring to the title of the article in which, in that year, he summarized them: namely, “the failure of monetary policy to prevent the depression of 1929‐1932” (Currie, 1934a). Business cycles Chicago tradition Monetarism...

...Kunhong Kim; Yong‐Yil Choi Seeks to present the detailed empirical study of contemporary business fluctuations in Korea. Follows the methodology of modern business cycle research in conducting an atheoretical statistical analysis of the cyclical properties of key aggregate time series. Shows...