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The confidence in the market mechanisms for clearing all markets splits the economic profession. In this book, not only … the existing business cycle literature is examined within the framework of economic stability, but also the market …
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Subject is the description of unvariate and multivariate business cycle stylized facts. A spectral analysis method (Maximum Entropy spectral estimation) novel in the analysis of economic time series is described and utilized. The method turns out to be superior to widely used time domain methods...
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