The evolution of Japanese real GDP components in the time–frequency domain: The disappearance of the investment accelerator effect?
Patrick M. Crowley,
David Hudgins
Abstract:Understanding the interaction between national income GDP expenditure components is a key part of the study of the macroeconomics of any country. The general aim of this study is to explore this interaction between the GDP expenditure components in the time–frequency domain for the country of Japan, obtain some stylized facts and then compare them with those of the United States. The main result shows that the cyclical interactions between consumption and investment are typical of an “accelerator” effect and o… Show more
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