Bentzen, Jan; Smith, Valdemar; Leth-Sørensen, Søren - Centre for International Economic Studies, School of … - 2002
are expected to be influenced by a lot of factors, of course, but the income development as reflected in the business … cycle fluctuations is considered to be of utmost importance. The wine auction prices are obviously exogenous to the business … empirical part of the paper analyses the co-movements in the wine prices and the business cycle, the latter represented by …