This paper examines the business cycle properties of a small set of a real US
macroeconomic time series using a variety of detrending methods. It is shown that both …

This article introduces Lagrange multiplier tests of the null hypothesis of no unit roots at
seasonal frequencies against the alternative of a unit root at either a single seasonal …

In this paper we review recent developments in econometric modelling of economic time
series with seasonality. The prime focus is on econometric models which incorporate explicit …

This paper studies an economy in which producers must incur resource costs to replace
depreciated machines. The process of costly replacement and depreciation creates …

This paper provides empirical evidence on macroeconomic complementarities, a restriction
on the nature of interaction between individuals in a multi-agent setting. These models imply …

This paper extends the notion of common cycles to quarterly time series having unit roots
both at the zero and seasonal frequencies. It is shown that common cycles are present in the …

We investigate an asset pricing model with preferences cycling between high risk aversion
and low EIS in fall/winter and the reverse in spring/summer. Calibrating to consumption data …

We consider a dynamic, stochastic equilibrium business cycle model which is augmented to
reflect seasonal shifts in preferences, technology, and government purchases. Our …

This study examines the role of temperature as a driver of seasonal economic cycles. The
study first presents a novel dataset of seasonal temperature and seasonal GDP. Stylised …

This paper investigates unemployment persistence in the 27 EU member states by applying
fractional integration methods to quarterly data (both seasonally adjusted and unadjusted) …