Matas-Mir, Antonio; Osborn, Denise R.; Lombardi, Marco - Dipartimento di Statistica, Informatica, Applicazioni … - 2005
We study the impact of seasonal adjustment on the properties of business cycle expansion and recession regimes using … change at turning points and reduces the depth of recessions, with specific effects depending on the length of the recession … delaying the recognition of the end of a recession. However, seasonal adjustment can have desirable properties in clarifying …