Although there has been substantial research using long-run co-movement (cointegration) restrictions in the empirical macroeconomics literature, little or no work has been done investigating the existence of short-run ...

This paper measures and explains to what extent Latin American countries’ growth cycles experienced co-movement in the last forty years, using different methodologies. We find that short lasting cycles showed a great ...

We investigate in this paper the degree of short-run and long-run comovement in U.S. sectoral output data by estimating sectoral trends and cycles. A theoretical model based on Long and Plosser (1983) is used to derive a ...

The current understanding of hydroclimatic processes is largely based on time series analysis of observations such as river discharge. Although records of these variables are often nonlinear and nonstationary, they have ...

Lucas (1987) has shown the surprising result that the welfare cost of business cycles is quite small. Using standard assumptions on preferences and a fully-áedged econometric model we computed the welfare costs of macroeconomic ...

Biomass dynamics, decomposition and nutrient cycling were studied in a Sarcocornia perennis salt marsh in the Bahia Blanca estuary (Argentina) to achieve a better understanding of these processes and provide information ...

This paper investigates the degree of short run and long run co-movement in U.S. sectoral output data by estimating sectoraI trends and cycles. A theoretical model based on Long and Plosser (1983) is used to derive a reduced ...