It has been known for a long time that inventory fluctuations are of great importance in business cycles. But inventory fluctuations are fundamentally a short-period phenomenon. Consequently, annual data may shed relatively little light on the nature of inventory fluctuations; most of the...

This paper represents a very early progress report on a new study of business cycle indicators for the United States. Our host organization, CIRET, is concerned with research on surveys of economic tendencies that cover broad areas of business, investment, and consumer behavior. These inquiries...

Recent years have witnessed increased interest in issues of inequality and mobility in the labor market. Using data from the Panel Study of Income Dynamics and the German Socio-Economic Panel, we compare the labor earnings mobility of prime age men and women in the United States and Germany...

A reexamination of data indicates a great diversity of cyclical experience in both the distant and recent history, but also a distinct moderation of the business cycle in the postwar era (shorter and milder contractions). This is consistent with long and widely held views, but contrary to some...