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This paper aims to apply the methodology of uni- and multivariate Structural Unobserved Components Time Series Models developed by Andrew Harvey to the study of European growth trends and cycles. The multivariate dimension enables to search similar or, more strongly, common components among...
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[eng] European Growth Disrupted by a Short Cycle . . How should we react when economic indicators convey conflicting signals, signs of an apparently troubled and hesitant economic situation, as in 1998? How should we interpret economic deviations between European countries? A cyclical analysis...
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