A Search for Business Cycles with Spectral Analysis

Charles Dale

MPRA Paper from University Library of Munich, Germany

Abstract: There has been considerable debate in recent years about whether well-defined business cycles even exist. At one extreme are those who assert that so-called business cycles are caused by exogenous shocks. At the other extreme are those who believe that business cycles may be endogenous, i.e., the economy has a natural tendency to go through periods of recession and depression. We used spectral analysis to search for business cycles, but we did not find any clear evidence of their existence.

Keywords: Business cycles; Spectral analysis; Statistical methods (search for similar items in EconPapers)
JEL-codes: C1 C65 E32 (search for similar items in EconPapers)
Date: 1984-08
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Citations: View citations in EconPapers (1)

Published in American Statistical Association, Proceedings of the Business and Economic Statistics Section, Philadelphia, Pennsylvania (1984): pp. 267-272

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:49508

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