000			02002cam a22003377 4500
001			w5258
003			NBER
005			20211020114228.0
006			m o d
007			cr cnu||||||||
008			210910s1995 mau fo 000 0 eng d
100	1		_aMiron, Jeffrey A. _916848
245	1	0	_aWhat Have Macroeconomists Learned about Business Cycles from the Study of Seasonal Cycles? / _cJeffrey A. Miron, J. Joseph Beaulieu.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1995.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w5258
500			_aSeptember 1995.
520	3		_aThis 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.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aE30 - General _2Journal of Economic Literature class.
690		7	_aE32 - Business Fluctuations • Cycles _2Journal of Economic Literature class.
700	1		_aBeaulieu, J. Joseph. _95866
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w5258.
856	4	0	_uhttps://www.nber.org/papers/w5258
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w5258
942			_2ddc _cW-PAPER
999			_c343094 _d301656