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Banks of New York. De Long , B. J. ( 1990 ): Liquidation Cycles: Old-Fashioned Real Business Cycles Theory and the Great Depression . NBER Working Paper , No. 3546

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. American Economic Review , 63 ( 3 ): 326 – 334 . Lucas , R. E. ( 1975 ): An Equilibrium Model of the Business Cycle . Journal of Political Economy , 83 ( 6 ): 1113

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: Lessons from Asia . In: Fuhrer , J. , Schoh , S. (eds.): Beyond Shocks: What Causes Business Cycles? Boston : Federal Reserve Bank . Sebastian , E. and Savastano , M. ( 1998

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, No. 6654 Baxter , M. – King , R. G. ( 1995 ): Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series . NBER Working Papers , No. 5022

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. Schumpeter , J. A. ( 1934 ): The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest and the Business Cycle . Cambridge, MA : Harvard University Press

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: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle . Harvard Economic Studies 46, Cambridge, MA : Harvard University Press . Smith , A. ( 1763

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Tests and VARs . Journal of Macroeconomics, 15 : 747 – 768 . Karras , G. ( 1994 ): Sources of Business Cycles in Europe: 1960–1988 . Evidence from France, Germany and

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Workplace . Albany, NY : State University of New York Press . Russell , R. and Hanneman , R. ( 1992 ): Cooperatives and the Business Cycle: The Israeli Case . Journal of Comparative

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Business Cycle Co-Movement: A Robust Analysis . Journal of Monetary Economics , 52 ( 1 ): 113 – 157 . Beck , T. – Demirgüç-Kunt , A. – Levine , R. ( 2010 ): Financial

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. Quah , C.-H. ( 2014 ). Revisiting Business Cycles in the Eurozone: A Fuzzy Clustering and Discriminant Approach . Acta Oeconomica, 64 ( 2 ): 161 – 180 . Ronen , S

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