Skalin, Joakim; Teräsvirta, Timo - Economics Institute for Research (SIR), … - 1996
This paper considers nine long Swedish macroeconomic time series whose business cycle properties were discussed by …’ or ‘sliced’ spectra. Cyclical variation at business cycle frequencies does not seem to be constant over time for all … series, and it is difficult to find a ‘Swedish business cycle’. Only two series may be regarded as having genuinely …