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REFERENCES
Gavin, W. T., Kydland, F. E., Pakko, M. R., 2007. Monetary policy, taxes, and the business cycle Research Division Federal Reserve Bank of St. Louis Working Paper 2004-017D , August 2004 IFO, 2008. IFO Business Climate Germany Monthly Business Survey . Munich: IFO, March. Kydland. F. E. 2006. Quantitative Aggregate Economics. American Economic Review . ,96 (5), 1373-1383. Leonhardt, D., 2008. Worries that the good times were mostly a mirage . New York Times . 23 January. Merrill Lynch, 2008. Fund manager survey . March Peersman, G., Pozzi, L., 2007. Business cycle fluctuations and excess sensitivity of private consumption . Bank of England Working Paper No. 335 . November 2007. Scott, M., 2008. Is it or isn't it? Financial Week . 28 March. ...

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