In this paper, we reexamine empirically the finance/growth nexus. We argue that financial deepening should not only be assessed with familiar measures of financial activities outputs (e.g. credit volume), but also through its inputs (e.g. the relative number of employees in the financial...

The Economic Cycle Theory, having been a somehow abandoned during several decades, returns to get important with the recent World Financial Crisis 2007-2010. This book, based upon a theses sustained in 2007, advances and argues the possibility of an almost unavoidable world cyclic plunge of...

The Economic Cycle Theory, having been a somehow abandoned during several decades, returns to get important with the recent World Financial Crisis 2007-2010. This book, based upon a theses sustained in 2007, advances and argues the possibility of an almost unavoidable world cyclic plunge of...

The Economic Cycle Theory, having been a somehow abandoned during several decades, returns to get important with the recent World Financial Crisis 2007-2010. This book, based upon a theses sustained in 2007, advances and argues the possibility of an almost unavoidable world cyclic plunge of...

The Economic Cycle Theory, having been a somehow abandoned during several decades, returns to get important with the recent World Financial Crisis 2007-2010. This book, based upon a theses sustained in 2007, advances and argues the possibility of an almost unavoidable world cyclic plunge of...

This paper proposes two new coincident probabilistic cyclical indicators developed by the Bank of France in order to follow, on a monthly basis, the French economic activity. The first one is an indicator which aims at detecting the turning points of the acceleration cycle while the second one...

Detrending time series and isolating cyclical fluctuations is crucial for business cycle analysis and definition of economic policy. Band-pass filters provide a set of statistical methods to extract the cycle, defined according to a specified range of periodicities. Christiano and Fitzgerald...