TY  - BOOK
AU  - Miron,Jeffrey A.
AU  - Beaulieu,J.Joseph
ED  - National Bureau of Economic Research.
TI  - What Have Macroeconomists Learned about Business Cycles from the Study  of Seasonal Cycles?
T2  - NBER working paper series
PY  - 1995///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - September 1995; Hardcopy version available to institutional subscribers
N2  - This paper argues that analysis of seasonal fluctuations can shed light on the nature of business cycle fluctuations.  The fundamental reason is that in many instances identifying restrictions about seasonal fluctuations are more believable than analogous restrictions about non-seasonal fluctuations.  We show that seasonal fluctuations provide good examples of preference shifts and synergistic equilibria. We also find evidence against production smoothing and in favor of unmeasured variation in labor and capital utilization.  In some industries capacity constraints appear to bind
UR  - https://www.nber.org/papers/w5258
UR  - http://dx.doi.org/10.3386/w5258
ER  -