TY  - JOUR
PY  - 2008//
TI  - Good times are drinking times: empirical evidence on business cycles and alcohol sales in Sweden 1861-2000
JO  - Applied economics letters
A1  - Krüger, Niclas A.
A1  - Svensson, Mikael
SP  - 543
EP  - 546
VL  - 17
IS  - 6
N2  - 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 /> 
LA  - 
SN  - 1350-4851
UR  - http://dx.doi.org/10.1080/13504850802167215
ID  - ref1
ER  -