Variable Trends in Economic Time Series
نویسندگان
چکیده
منابع مشابه
Variable Trends in Economic Time Series
T he two most striking historical features of aggregate output are its sustained long run growth and its recurrent fluctuations around this growth path. Real per capita GNP, consumption and investment in the United States during the postwar era are plotted in Figure 1. Both growth and deviations from the growth trend-often referred to as "business cycles"-are apparent in each series. Over horiz...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 1988
ISSN: 0895-3309
DOI: 10.1257/jep.2.3.147