Franses, Philip Hans; de Groot, de Groot, E.A. - Faculteit der Economische Wetenschappen, Erasmus … - 2006
Economic variables like GDP growth, employment, interest rates and consumption show signs of cyclical behavior. Many variables display multiple cycles, with lengths ranging in between 5 to even up to 100 years. We argue that multiple cycles can be associated with long-run stability of the...
