Macroeconomic Origins of the World Financial Crisis
TCi is world GDP growth rate for i-year, TL is the lowest rate within the given time period. TH is the highest rate within the given time period. Empirical analysis of the latest 20-year world GDP data (1990-2010) shows that a value of stochastic oscillator higher than its mean value is an indicator of subsequent decrease in GDP growth rate. ................
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