Preface -- Traditional economic cycle theories and their limitations -- Normal estimation of China's urban and rural households income distribution -- The normality of household income distribution and endogenous mechanism of economic cycle -- In global perspective : the normal distribution of...

News-based indicators are in vogue in economics. But they tend to be applied with little consideration for the properties of news itself. In this paper, we try to shed light on the nature of this type of data. Drawing from established findings in communication science and journalism studies we...

"It is often argued that changes in expectation are an important driving force of the business cycle. However, it is well known that changes in expectations cannot generate positive co-movement between consumption, investment and employment in the most standard neo-classical business cycle...