This chapter reviews the behavior of financial asset prices in relation to consumption. The
chapter lists some important stylized facts that characterize US data, and relates them to …

This chapter reviews the behavior of financial asset prices in relation to consumption. The
chapter lists some important stylized facts that characterize US data, and relates them to …

Band-pass filters are useful in a wide range of economic contexts. This paper develops a set
of approximate band-pass filters and illustrates their application to measuring the business …

This paper studies how the Hodrick-Prescott filter should be adjusted when changing the
frequency of observations. It complements the results of Baxter and King (1999) with an …

We provide a theoretical interpretation of two features of international data: the
countercyclical movements in net exports and the tendency for the trade balance to be …

Univariate dependencies in market volatility, both objective and risk neutral, are best
described by long-memory fractionally integrated processes. Meanwhile, the ex post …

This note produces empirical evidence on the existence of a significant 'discouraged
worker'effect in US data–namely, on the tendency for groups of secondary workers to move …

This article examines the impact of trade liberalization on government revenues. Using a
new dataset on tax revenues for 130 countries between 1792 and 2006, we identify ninety …

This paper finds strong and robust evidence of convergence in per capita income across the
twenty-four Swedish counties, 1911–1993. In contrast to most previous studies on regional …

The linearity of nine long Swedish macroeconomic time series, whose business cycle
properties were discussed by Englund, Persson, and Svensson (1992), is tested and …