Postwar U.S. Business Cycles: An Empirical Investigation

Robert J. Hodrick; Edward C. Prescott

doi:10.4324/9780203070710-43

Postwar U.S. Business Cycles: An Empirical Investigation

Robert J. Hodrick, Edward C. Prescott

Research output: Chapter in Book/Report/Conference proceeding › Chapter

2 Scopus citations

Abstract

THE PURPOSE OF THIS ARTICLE is to document some features of aggregate economic fluctuations sometimes referred to as business cycles. The investigation uses quarterly data from the postwar U. S. economy. The fluctuations studied are those that are too rapid to be accounted for by slowly changing demo graphic and technological factors and changes in the stocks of capital that produce secular growth in output per capita.

Original language	English (US)
Title of host publication	Real business cycles
Subtitle of host publication	A Reader
Publisher	Taylor and Francis
Pages	593-608
Number of pages	16
ISBN (Electronic)	9781134694792
ISBN (Print)	0415165687
DOIs	https://doi.org/10.4324/9780203070710-43
State	Published - Jan 1 2013
Externally published	Yes

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)
Business, Management and Accounting(all)

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10.4324/9780203070710-43

Cite this

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Postwar U.S. Business Cycles: An Empirical Investigation

Abstract

ASJC Scopus subject areas

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