Kátay, Gábor (contributor); Wolf, Zoltán (contributor) - 2008
macro level give rise to another in-
evitable difficulty, the aggregation problem. It is as old as economics, but the gap … business cycle in Hungary, three episodes seem to emerge.
Thefirstperiod(1994-1997)ischaracterizedbystabilization. Indeed … machinery and equipment. Therefore, business cycle characteris-
tics of this sector broadly similar to that of machinery.
26One …