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@inproceedings{695711,
author = {Hloušek, Miroslav},
address = {Brno},
booktitle = {Česká ekonomika v procesu globalizace},
keywords = {stylized facts - bandpass filter - cross-correlation - theory of business cycle},
language = {eng},
location = {Brno},
isbn = {80-210-4083-1},
pages = {43-49},
publisher = {Masarykova univerzita},
title = {Business Cycle in the Czech Republic -- The Battle of Theories},
year = {2006}
}
TY - JOUR
ID - 695711
AU - Hloušek, Miroslav
PY - 2006
TI - Business Cycle in the Czech Republic -- The Battle of Theories
PB - Masarykova univerzita
CY - Brno
SN - 8021040831
KW - stylized facts - bandpass filter - cross-correlation - theory of business cycle
N2 - The article identifies some stylized facts about Czech business cycle for the purpose of evaluation of alternative theories. The data series are filtered using bandpass filter and cross-correlations between cyclical component of selected variables and cyclical component of real GDP are computed. Behavior of the variables over the cycle is confronted with implications of three competing theories. The real business cycle theory comes out as the best theory explaining business cycle in the Czech Republic.
ER -
HLOUŠEK, Miroslav. Business Cycle in the Czech Republic -- The Battle of Theories. In \textit{Česká ekonomika v procesu globalizace}. Brno: Masarykova univerzita. s.~43-49. ISBN~80-210-4083-1. 2006.
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