Konstantakopoulou, Ioanna; Tsionas, Efthymios G. - In: Journal of Policy Modeling 36 (2014) 2, pp. 389-409
This paper presents evidence regarding the existence of common business cycles in OECD countries. More specifically, the paper examines the extent to which these cycles relate to each other over time. Business cycle components of output are extracted by adopting the Hodrick–Prescott,...