Answers are grounded in this paper and cite their sources.
Identifying restrictions and seasonal fluctuations basic facts about seasonal fluctuations the similarity of seasonal cycles and business cycles interactions between seasonal cycles and business cycles seasonal fluctuations and the production-smoothing model of inventories financial panics, the seasonality of nominal interest rates and the founding of the Fed the gold standard and interest rate seasonality seasonal monetary policy welfare implications of seasonal cycles.
No takes yet. Share an insight, caveat, or question.
A 1997 study studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: