Journal of Economic Studies: Volume 28 Issue 2

A cyclical characterization of economic activity in the United States, 1887‐1940

Antonio García‐Ferrer, Ana del Río

We analyze historical business cycles as a sum of short‐ and medium‐term cycles defined for a particular class of unobserved component models. By associating the trend with the…

Economics and literature: an examination of Gulliver’s Travels

Marcelo Fernandes

Jonathan Swift’s masterpiece, Gulliver’s Travels, considered at first a children’s book, has been for a long time the subject of a debate among philosophers, political scientists…

The effect of exchange‐rate risk on exports: Some additional empirical evidence

Hongwei Du, Zhen Zhu

This paper provides some additional empirical evidence on the effect of exchange‐rate volatility on exports. The novelties of the study include: a regime‐switching model in…

Variance decomposition analysis of the demand for foreign money in Egypt

Tarik H. Alami

The demand for money is an important function of stabilization policies where such policies depend on the ability to manipulate the size of money supply in order to insulate real…