The Review of Economics and Statistics Vol. 3 No. 2 1921
Bank Loans and the Business Cycle
Abstract
T HE curves of our Index Chart for I903-I4 were obtained by sorting twelve statistical series into three groups of four each, and then averaging the series of each group. The criterion for sorting the series was statistical; that is, when corrected for seasonal influence and normal growth the series of each group moved in the same general direction (upward or downward) at the same time. The three groups, however, did not undulate simultaneously but moved in a well defined sequence. After the statistical analysis of the series had been completed, it was noticed that the series of each of the three groups possessed economic similarity as well as
- DOI
- 10.2307/1928641
- Volume
- 3
- Issue
- 2
- Pages
- 30
- Sources
- openalex crossref