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Are Business Cycles Symmetric?

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NBER1984-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1444
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This note shows that contrary to widespread belief there is little evidence that the business cycle is asymmetric. Using American data for the pre- and post-war periods and data on five other major OECD nations for the post-war period, we are unable to support the hypothesis that contractions are
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1984-09-01
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