The shape of business cycles: A cross‐country analysis of Friedman's plucking theory.

We test the international applicability of Friedman's plucking theory of the business cycle in 18 advanced economies between 1970 and 2019. We find that in countries where labour markets are more flexible (Australia, Canada, Denmark, Switzerland, United Kingdom, United States), unemployment rates ty...

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Detalles Bibliográficos

Publicado en:	Kyklos Vol. 77; no. 2; pp. 351 - 371
Autores principales:	Kohlscheen, Emanuel, Moessner, Richhild, Rees, Daniel M.
Formato:	Artículo
Publicado:	Wiley-Blackwell May2024
Materias:	Business cycles Labor market Recessions Unemployment statistics Real property sales & prices
Acceso en línea:	Ver este registro en EBSCOhost