Lucian-Liviu ALBU, Mariana NICOLAE, Marioara IORDAN, Petre CARAIANI
MODELLING THE ECONOMIC CYCLES. A THEORETICAL APPROACH
This article summarizes the main points of a project of the Institute of Economic Forecasting on the modelling of the business cycles. Each chapter is discussed in short but concise manner, namely, the second chapter on trend and cycles, the third chapter on the integration of business cycles into the long cycles, the fourth chapter on non-linear models and the last chapter on the empirical evidences of business cycles in the European area.
Key words: business cycles, trend, shocks,non-linear models, endogenous models.
JEL Classification: C32, E32