IDEAS home Printed from https://ideas.repec.org/a/ucp/jpolec/v97y1989i3p503-34.html
   My bibliography  Save this article

The Seasonal Cycle and the Business Cycle

Author

Listed:
  • Barsky, Robert B
  • Miron, Jeffrey A

Abstract

Almost all recent research on macroeconomic fluctuations has worked with seasonally-adjusted or annual data. This paper takes a different approach by examining the seasonal movements themselves. The authors' results show that seasonal fluctuations are an important source of variation in all macroeconomic quantity variables, but are small or absent in price variables. The paper also demonstrates that at seasonal frequencies, as well as at business cycle frequencies, output movements across broadly-defined sectors move together, the timing of production and the timing of sales coincide closely, labor productivity is procyclical, nominal money and real output are highly correlated, and prices vary less than quantities. Copyright 1989 by University of Chicago Press.

Suggested Citation

  • Barsky, Robert B & Miron, Jeffrey A, 1989. "The Seasonal Cycle and the Business Cycle," Journal of Political Economy, University of Chicago Press, vol. 97(3), pages 503-534, June.
  • Handle: RePEc:ucp:jpolec:v:97:y:1989:i:3:p:503-34
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/261614
    File Function: full text
    Download Restriction: Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jpolec:v:97:y:1989:i:3:p:503-34. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division). General contact details of provider: http://www.journals.uchicago.edu/JPE/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.