Business Cycles: An International Comparison of Stylized Facts in a Historical Perspective

Subject is the description of unvariate and multivariate business cycle stylized facts. A spectral analysis method (Maximum Entropy spectral estimation) novel in the analysis of economic time series is described and utilized. The method turns out to be superior to widely used time domain methods and...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Woitek, Ulrich (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Heidelberg Physica-Verlag HD 1997
Ausgabe:1st ed. 1997
Schriftenreihe:Contributions to Economics
Schlagworte:
Online-Zugang:BTU01
Volltext
Zusammenfassung:Subject is the description of unvariate and multivariate business cycle stylized facts. A spectral analysis method (Maximum Entropy spectral estimation) novel in the analysis of economic time series is described and utilized. The method turns out to be superior to widely used time domain methods and the "classical" spectral estimate, the periodogram. The results for eleven OECD countries confirm and extend the basic set of stylized facts of traditional business cycle theory. The changing characteristics of the business cycle are analyzed by comparing the cyclical structure for the postwar and the prewar period. The results show that business cycle is mainly due to investment fluctuations
Beschreibung:1 Online-Ressource (X, 209 p)
ISBN:9783642488566
DOI:10.1007/978-3-642-48856-6

Es ist kein Print-Exemplar vorhanden.

Fernleihe Bestellen Achtung: Nicht im THWS-Bestand! Volltext öffnen