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Is The Current Business Cycle Different ? Does How We Measure Matter ?
Oleh:
Ulan, Michael
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 29 no. 2 (1994)
,
page 41-47.
Topik:
business cycle
;
business cycle
;
measure matter
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.2
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The last recession was not very different from other recessions, but the current recovery in different from past expnasions, chiefly in that growth in consumption expenditures has been much weaker than in past recoveries. The choice of th ebase year for prices and weights in which real magnitudes are expressed does affect the comparison. The base year chosen should be close to the episode analyzed, because a distant base year can distort data.
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