Econometrica: Jan 1966, Volume 34, Issue 1

The Typical Spectral Shape of an Economic Variable<150:TTSSOA>2.0.CO;2-3
p. 150-161

C. W. J. Granger

In 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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