Econometrica: Jan 1966, Volume 34, Issue 1
The Typical Spectral Shape of an Economic Variable
https://doi.org/0012-9682(196601)34:1<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.Log In To View Full Content