Year: 2011
Author: Holm, Louise
Applied Economics Quarterly, Vol. 57 (2011), Iss. 3 : pp. 177–200
Abstract
Business cycles, the ups and downs observed somewhat simultaneously in numerous macroeconomic variables in an economy and often measured using real GDP, are important and, despite much economic research, still incompletely understood. A method for ex-post dating of the business cycle in the Euro area is proposed. The business cycle is defined as the common dynamic of some macroeconomic time series. A non-stationary, non-parametric setup is used for business cycle dating. The recession periods found closely match those defined by the Centre for Economic Policy Research (CEPR) Dating Committee.
JEL Classification: C14, C32, E32
You do not have full access to this article.
Already a Subscriber? Sign in as an individual or via your institution
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/aeq.57.3.177
Applied Economics Quarterly, Vol. 57 (2011), Iss. 3 : pp. 177–200
Published online: 2011-07
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 24