What's Real About the Business Cycle?
收藏NBER2005-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11161
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资源简介：
This paper argues that a linear statistical model with homoskedastic errors cannot capture the nineteenth-century notion of a recurring cyclical pattern in key economic aggregates. A simple nonlinear alternative is proposed and used to illustrate that the dynamic behavior of unemployment seems to
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美国国家经济研究局创建时间：
2005-02-01
