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Positive and negative stress in business cycle behaviour

Mario Coccia ()

CERIS Working Paper from Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY -NOW- Research Institute on Sustainable Economic Growth - Moncalieri (TO) ITALY

Abstract: The economic theory shows as business cycles have longer periods of expansions than contractions. The purpose of this paper is to analyze their behaviour in order to present a metrics that assesses the negative and positive stress of the economic system. In addition, this analysis presents some forecasting implications supporting modern political economy of growth.

Keywords: Business Cycles; Contraction-compression Economic stress; Economic Forecasting (search for similar items in EconPapers)
JEL-codes: E30 E37 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2010-06
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