@article{ref1,
title="Good times are drinking times: empirical evidence on business cycles and alcohol sales in Sweden 1861-2000",
journal="Applied economics letters",
year="2008",
author="Krüger, Niclas A. and Svensson, Mikael",
volume="17",
number="6",
pages="543-546",
abstract="This article studies the relationship between the business cycle and alcohol sales in Sweden using a data set for the years 1861?2000. Using wavelet-based band-pass filtering, it is found that there is a pro-cyclical relationship, i.e. alcohol sales increases in short-term economic upturns. Using moving window techniques, we see that the pro-cyclical relationship holds over the entire time period. We also find that alcohol sales are a long-memory process with nonstationary behaviour, i.e. a shock in alcohol sales has persistent effects.<p />",
language="",
issn="1350-4851",
doi="10.1080/13504850802167215",
url="http://dx.doi.org/10.1080/13504850802167215"
}