This paper reassesses the ‘stylised facts’ of Australia's contemporary business cycle, by calculating select moments of the cyclical components in quarterly postwar macroeconomic data. In particular, the robustness of the cross-correlation sample moments to the detrending procedure are...

Purpose – The global financial crisis (GFC) of 2008‐2009 has highlighted the need for understanding fluctuations in housing variables and how, as such, they contribute to understanding how housing markets work. The contention of this paper is to present a univariate structural time series...

This paper presents structural time series evidence supporting the Post Keynesian hypothesis on the role of expectations in the foreign exchange market. For all of the four exchange rates examined, the hypothesis that exchange rates are driven primarily by expectations is strongly supported. The...