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Business Cycle Fluctuations and Economic Policy by Khurshid M. Kiani is a nonfiction available to read on EtoBox.

What is Business Cycle Fluctuations and Economic Policy about?

This book highlights the importance of studying similarity of business cycles across countries and answers the theoretical question about the behaviour of fluctuations in economic activity over different phases of business cycles. This is done by analysing cross-country data that provides sufficient empirical justifications on the behaviour of economic activity to conclude that business cycles are alike. Further, the book maintains, from the recent empirical research, that business cycles fluctuations are asymmetric. For empirical validation of the hypothesis that business cycles are asymmetric at least in the group of seven highly developed industrialised (G7) countries, real GDP growth rates from these countries are analysed using non-linear time series and switching time series models as well as in-sample and jack-knife out-of-sample forecasts from neural networks.While importance and application of non-linear and switching time series models are employed for testing possible existence of business cycle asymmetries in all the series after taking into account long memory, conditional heteroskedasticity, and time varying volatility in the series, usefulness of non-parametric techn

Who reads Business Cycle Fluctuations and Economic Policy?

Author

Khurshid M. Kiani

Publisher

Nova Science Publishers, Incorporated

Published

2009

Language

EN

ISBN

9781607414063

Category

nonfiction

Subjects

Economics, Business, Political Science