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Positive and negative stress in business cycle behaviour

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Abstract

The economic theory shows as business cycles have longer periods of expansions than contractions. The purpose of this paper is to analyze their behaviour in order to present a metrics that assesses the negative and positive stress of the economic system. In addition, this analysis presents some forecasting implications supporting modern political economy of growth.

Suggested Citation

  • Mario Coccia, 2010. "Positive and negative stress in business cycle behaviour," CERIS Working Paper 201001, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    • Handle: RePEc:csc:cerisp:201001
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    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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