Econometrica: Jan 1966, Volume 34, Issue 1
The Typical Spectral Shape of an Economic Variable
C. W. J. GrangerIn recent years, a number of power spectra have been estimated from economic data and the majority have been found to be of a similar shape. A number of implications of this shape are discussed, particular attention being paid to the reality of business cycles, stability and control problems, and model building.
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