2006-04-10
Stability through cycles
Publication
Publication
Report / Econometric Institute, Erasmus University Rotterdam
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.
Additional Metadata | |
---|---|
, , , | |
hdl.handle.net/1765/7666 | |
Econometric Institute Research Papers | |
Report / Econometric Institute, Erasmus University Rotterdam | |
Organisation | Erasmus School of Economics |
de Groot, B., & Franses, P. H. (2006). Stability through cycles (No. EI 2006-07). Report / Econometric Institute, Erasmus University Rotterdam. Retrieved from http://hdl.handle.net/1765/7666 |