Marczak, Martyna; Beissinger, Thomas - In: Empirical Economics 44 (2013) 2, pp. 469-490
, and the structural time series model. The detrended data are analyzed both in the time domain and in the frequency domain … information about the correlation and the lead–lag behavior of real wages relative to GDP at different frequencies. In the time … domain, we find that both real wages display a procyclical pattern and lag behind the business cycle. In the frequency domain …