@article{asyntheticbusinesscycleapproachto,
  title = {A Synthetic Business Cycle Approach to Counterfactual Analysis with Nonstationary Macroeconomic Data},
  author = {Zhentao Shi and Jin Xi and Haitian Xie},
  year = {2025},
  eprint = {2505.22388},
  archivePrefix = {arXiv},
  url = {https://arxiv.org/abs/2505.22388v1},
}