Template-Type: ReDIF-Paper 1.0
Author-Name: de Groot, E.A.
Author-Name-Last: de Groot
Author-Name-First: Bert
Author-Name: Franses, Ph.H.B.F.
Author-Name-Last: Franses
Author-Name-First: Philip Hans
Author-Person: pfr226
Title: Stability through cycles
Abstract: Economic variables like GDP growth, employment, interest rates and consumption show signs of cyclical behavior. Many variables display multiple cycles, with lengths ranging in between 5 to even up to 100 years. We argue that multiple cycles can be associated with long-run stability of the economic system, provided that the cycle lengths are such that interference is rare or absent. For a large sample of important variables, including key variables for the US, UK and the Netherlands, we document that this is indeed the case.
Creation-Date: 2006-04-10
File-URL: https://repub.eur.nl/pub/7666/ei%202006-07.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2006-07
Classification-JEL: O11
Keywords: Fibonacci, business cycles, economic stability, long waves
Handle: RePEc:ems:eureir:7666