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Series Analysis of Business Cycles, Elsevier Science Ltd., Amsterdam, North Holland. 

MINSKY, Hyman P. (1992): “The Financial Instability Hypothesis” The Jerome Levy 

Economic Institute, Working paper No 74. 

MOORE, G. (1961): Business Cycles Indicators, Princeton University press, Princeton , New 

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SCHUMPETER, J.A. (1954): History of Economic Analysis. London: George Allen & Unwin. 



B

USINESS 


C

YCLES AND 

C

URRENT 


E

CONOMIC 


A

NALYSIS


 

Estudios de Economía Aplicada, 2010: 577-594 



 Vol. 28-3 

593 

STOCK, J. and WATSON, M (1993): “A Simple Estimator of Cointegrating Vectors in Higher 



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Econométrica, 10, No. 2, pp. 129-146. 

 

 



 

 

 



 

 

 



 

 

 



 

 

 



 

 

 



 

 

 



 

 

 



 

 

 



 

 

 




 

 

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