How much did real wages increase in Sweden from 1813-1914 Use the methods 1) trends and deviations from trends, 2) moving averages and 3) the Hodrick-Prescott filter to analyse long run and short run patterns. Compare your results from deviations from linear trends with moving averages and the Hodrick-Prescott filter. Given these considerations, what is your interpretation of the long-term and short term patterns? Do your results give support to some periodization? Do you prefer any of the methods?
Remark: show graph representations of this exercise and write not more than 600 words).
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