clusters could disconnect their cycle from the cycle of technologies, in order to insure their long term viability. For that … pathways of clusters.We show that clusters succeed in disconnecting their cycle from the cycle of technologies if and only if … they display resilience properties. Key-words : cluster, cycle, location externalities, knowledge, structural properties …

The paper sets out a monetary business cycle model with three alternative exchange technologies, the cash … puzzles of the monetary business cycle theory. The credit model improves the ability to explain the procyclic movement of …

business cycle, and how the macroeconomy looks in the aftermath of changes in trade restrictiveness. For the sample as a whole …

integration impacts positively on business cycle comovements of economies. We consider three Western equity markets, represented … high frequencies have become less pronounced; (ii) the European markets are in phase at business cycle frequency, while the … findings of traditional business cycle research, and it has the advantage of using only readily available stock market data. …

According to the intertemporal-substitution hypothesis, which underlies the typical empirical real business cycle model …-substitution hypothesis. We estimate a fixed-effects life-cycle labor-supply model with more informative data, the triannual micro data of the … labor-market specification of empirical real business cycle models. …

In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and … declined from 4.2 per cent in the sixties to 1.4 per cent at the end of the nineties of the last century. 2) The business cycle …