The economics of seasonal cycles by jeffrey a miron focuses on economic rather than purely statistical issues looking at which of the alternative statistical models of seasonality are plausible for economic variables and asking why seasonal fluctuations in economic variables require special treatment relative to other kinds of fluctuations. The first is that there are no interactions between seasonal cycles and business cycles they result from different exogenous factors and different economic propagation mechanisms the second is that there are no important welfare issues attached to seasonal fluctuations per se optimal government policy toward seasonals is simply to leave them alone. The essay then discusses the possible welfare implications of seasonal cycles suggesting there is no reasonable presumption they are uninteresting from a welfare or policy perspective taken together these results imply the need for a significant re orientation in economists treatment of seasonal fluctuations. The economics of seasonal cycles item preview remove circle share or embed this item embed embed for wordpresscom hosted blogs and archiveorg item description tags want more advanced embedding details examples and help no favorite share