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On the dynamics of business cycle analysis: editors' introduction
Author(s) -
van Dijk Dick,
van Dijk Herman K.,
Hans Franses Philip
Publication year - 2005
Publication title -
journal of applied econometrics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.878
H-Index - 99
eISSN - 1099-1255
pISSN - 0883-7252
DOI - 10.1002/jae.844
Subject(s) - erasmus+ , sociology , library science , history , art history , computer science , the renaissance
textabstractThe business cycle is a concept of key interest for all economic actors alike. One can think of consumption and savings decisions of individual consumers, production decisions of private sector firms, and monetary and fiscal policy decisions of central bankers and the government. All can benefit from accurate forecasts of the future development of economic variables, which to a large extent depend on the business cycle. The characterization of the business cycle, and the analysis of its properties, has been the subject of innumerable studies. It is widely recognized that business cycle research started with, or at least was boosted by, the seminal work of Burns and Mitchell (1946) and the preceding work on statistical testing of business cycles by Jan Tinbergen (1939). Copyrigh