Canova, Fabio - C.E.P.R. Discussion Papers - 1993
This paper examines the business cycle properties of a small set of real US macroeconomic time series using a variety … shock in GNP have, depending on the method used, two types of patterns -- one consistent with a Real Business Cycle model … of detrending methods. It is shown: (i) that both quantitatively and qualitatively `stylized facts' of US business cycles …