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A representative investor generates realistic and complex security price paths by following this trading strategy: if, a few ticks ago, the market asset had two consecutive upticks or two consecutive ...
Economic Complexity: Fundamental Issues And Policy ImplicationsThe Nature of Persistent Business Cyc
2008/1/17
The nature of persistent business cycles and growth fluctuations can be understood by a unified approach in measurement and theory. It is found that the HP trend-cycle decomposition provides a consist...