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. Lucas R. E. ( 1980 ): Methods and Problems in Business Cycle Theory . Journal of Money, Credit and Banking 12 ( 4 ): 696 – 715 . Mäki , U

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. — Marcellino, M. — Proietti, T. (2005): Business Cycles in the New EU Member Countries and their Conformity with the Euro Area. Journal of Business Cycle Measurement and Analysis , 2(1): 7–41. Proietti T

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Schumpeter, J. A. (1911): Theorie der wirtschaftlichen Entwicklung . Leipzig: Duncker & Humblot (In English: The Theory of Economic Development: an Inquiry into Profits, Capital, Credit, Interest and the Business Cycle . Cambridge, MA: Harvard

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Sims, C. (1993): A Nine-variable Probabilistic Macroeconomic Forecasting Model. In: Stock, J. — Watson, M. (eds): Business Cycle, Indicators and Forecasting . Chicago: University of Chicago Press, pp. 179

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Lucas, R. E. (1992): Studies in Business Cycle. Cambridge, Mass.: MIT Press. Studies in Business Cycle

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-Holland. Recent Developments in International Banking and Finance. IV-V Lucas, R. E. (1992): Studies in Business Cycle. Cambridge, MA: The MIT

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Shin, H. S. (2005): Financial System Liquidity, Asset Prices and Monetary Policy. The Changing Nature of Business Cycle Conference , Kirribilli, 11–12 July, 2005. Shin H. S

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. — Prescott, E. (1997): Postwar US Business Cycles: An Empirical Investigation. Journal of Money, Credit, and Banking 29(1): 1–16. Prescott E. Postwar US Business Cycles: An Empirical

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54 494 531 Rodden, J. — Wilbers, E. (2010): Fiscal Decentralization and the Business Cycle: An Empirical Study of Seven Federations. Economics and

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Economic Growth 1970 Campbell, J. Y. - Ludvigson, S. (2001): Elasticities of Substitution in Real Business Cycle Models with

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