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The business cycle: it's still a puzzle

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Author Info
Lawrence J. Cristiano
Terry J. Fitzgerald

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Abstract

The business cycle is characterized by contractions and expansions in economic activity that are synchronized across a broad range of sectors. The authors provide evidence to document this, and survey some of the theories that have been proposed to explain it. Although much progress has been made, research in this area is still at an early age.

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Publisher Info
Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

Volume (Year): (1998)
Issue (Month): Q IV ()
Pages: 56-83
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Handle: RePEc:fip:fedhep:y:1998:i:qiv:p:56-83:n:v.22no.4

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Related research
Keywords: Business cycles;

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  1. V. V. Chari & Patrick Kehoe, 1997. "Hot Money," NBER Working Papers 6007, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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This page was last updated on 2009-11-18.


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