The Dynamics of Business Cycles: Stylized Facts, Economic Theory, Econometric Methodology and Applications

This study is a revised version of my doctoral dissertation at the Economics Department of the University of Munich. I want to take the opportunity to express my gratitude to some people who have helped me in my work. My greatest thanks go to the supervisor of this dissertation, Professor Claude Billinger. Bis ideas have formed the basis of my work. Be permanently sup­ ported it with a host of ideas, criticism and encouragement. Furthermore, he provided a stimulating research environment at...