Liang, Kuo-Yuan; Yen, Chen-Hui - In: International Review of Economics & Finance 33 (2014) C, pp. 39-51
By applying spectral analysis, this paper discovered that: (1) bond, equity, and commodity markets followed regular cyclical patterns of the business cycle that lasted 3.5 to 7.5years; (2) four significant lead or lag relationships existed between the business cycle and the three markets, where...
