Business cycle measurement with some theory
نویسندگان
چکیده
منابع مشابه
Theory Ahead of Business Cycle Measurement
Economists have long been puzzled by the observations that during peacetime industrial market economies display recurrent, large fluctuations in output and employment over relatively short time periods. Not uncommon are changes as large as 10 percent within only a couple of years. These observations are considered puzzling because the associated movements in labor's marginal product are small. ...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2011
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2011.07.005