The Nature of Financial and Real Business Cycles: The Great Moderation and Banking Sector Pro-Cyclicality
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper takes a fresh look at the nature of financial and real business cycles in OECD countries using annual data series and shorter quarterly and monthly economic indicators. It first analyses the main characteristics of the cycle, including the length, amplitude, asymmetry and changes of these parameters during expansions and contractions....
