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Econometrica Vol. 34 No. 1 1966

The Typical Spectral Shape of an Economic Variable

C. W. J. Granger

University of California San Diego

Abstract

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.

DOI
10.2307/1909859
Volume
34
Issue
1
Pages
150
Sources
openalex crossref

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