Won, Young W.; Won, Chaehwan; Won, Y. - In: Global Business & Finance Review (GBFR) 26 (2021) 3, pp. 14-32
these main issues, we apply such models as return predictive regressions, alternative detrending methods, external habit … model, and others. Hamilton(2018)'s detrending method plays a key role in constructing the appropriate cyclical consumption …