Groot, E.A. de; Franses, Ph.H.B.F. - Erasmus University Rotterdam, Econometric Institute - 2006
Economic variables like GDP growth, employment, interest rates and consumption show signs of cyclical behavior. Many … be associated with long-run stability of the economic system, provided that the cycle lengths are such that interference … is rare or absent. For a large sample of important variables, including key variables for the US, UK and the Netherlands …