Stochastic Dynamics of Economic Cycles

This book includes discussions related to solutions of such tasks as: probabilistic description of the investment function; recovering the income function from GDP estimates; development of models for the economic cycles; selecting the time interval of pseudo-stationarity of cycles; estimating characteristics/parameters of cycle models; analysis of accuracy of model factors. All of the above constitute the general principles of a theory explaining the phenomenon of economic cyclesand provide mathematical tools for their quantitative description. The introduced theory is applicable to macroeconomic analysesas well as econometric estimationsof economic cycles.