The economics and econometrics of seasonal cycles and business cycles /
Much of the work on business cycles in the literature is
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| Format: | Thesis Book |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified] ;
1994.
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| Online Access: | http://proxy.library.tamu.edu/login?url=http://proquest.umi.com/pqdweb?did=741945621&sid=1&Fmt=2&clientId=2945&RQT=309&VName=PQD |
| Summary: | Much of the work on business cycles in the literature is based on the use of seasonally adjusted or annual data. The research done in this dissertation breaks with this tradition by attempting to provide a unified explanation of the trend, cyclical, and seasonal movements exhibited in U.S. macroeconomic data. This is accomplished by examining the statistical nature of the seasonal fluctuations in the data, and then building models that incorporate these seasonals in a manner consistent with economic theory and sound statistical practice. These statistical models are used to examine some of the economic relationships of interest to macroeconomists, such as the relationship between consumption, investment and income, and the relationship between money demand and income. The results obtained from these models indicate that seasonal fluctuations have important implications for economic theory and econometric modelling, as they differ in some cases from the results given by similar models which are based on seasonally adjusted data. These differences are even present at frequencies in the data that are not commonly believed to be influenced by seasonal movements. |
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| Item Description: | Vita. "Major Subject: Economics". |
| Physical Description: | xi, 160 leaves : illustrations ; 28 cm. Issued also on microfiche from University Microfilms Inc. |
| Bibliography: | Includes bibliographical references. |