Ongoing Changes in the Business Cycle: Evidence and Causes
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper first reviews a number of stylised facts concerning OECD country business cycles over the past four decades. In general, the amplitude of business cycles has fallen, driven mainly by declining fluctuations of domestic demand. As a result, international divergencies of cyclical positions have diminished but, outside the euro area, there...
