Towards a Monthly Business Cycle Chronology for the Euro Area

Towards a Monthly Business Cycle Chronology for the Euro Area
Author: Emanuel Moench
Publisher:
Total Pages: 0
Release: 2008
Genre:
ISBN:

Download Towards a Monthly Business Cycle Chronology for the Euro Area Book in PDF, Epub and Kindle

This paper is an exercise in dating the Euro area business cycle on a monthly basis. Using a quite flexible interpolation routine, we construct several monthly series of Euro area real GDP, and then apply the Bry-Boschan (1971) procedure. To account for the asymmetry in growth regimes and duration across business cycle phases, we propose to extend this method with a combined amplitude/phase-length criterion ruling out expansionary phases that are short and flat. Applying the extended procedure to US and European data, we are able to replicate approximately the dating decisions of the NBER and the CEPR.

The Euro Area Business Cycle

The Euro Area Business Cycle
Author: Lucrezia Reichlin
Publisher: Centre for Economic Policy Research
Total Pages: 103
Release: 2004
Genre: Business cycles
ISBN: 1898128839

Download The Euro Area Business Cycle Book in PDF, Epub and Kindle

The Birth of the Business Cycle (RLE: Business Cycles)

The Birth of the Business Cycle (RLE: Business Cycles)
Author: Philip E. Mirowski
Publisher: Routledge
Total Pages: 332
Release: 2015-03-27
Genre: Business & Economics
ISBN: 1317512235

Download The Birth of the Business Cycle (RLE: Business Cycles) Book in PDF, Epub and Kindle

Discussing economic theory and English economic history from the eighteenth century until the late 1970s this volume discusses among other things fixed capital and problems with the definition of the premodern economy as well as providing a chronology of 18th century business cycles.

Business Cycle Synchronisation and Economic Integration

Business Cycle Synchronisation and Economic Integration
Author: Marcus Kappler
Publisher: Springer Science & Business Media
Total Pages: 197
Release: 2012-07-30
Genre: Business & Economics
ISBN: 3790828556

Download Business Cycle Synchronisation and Economic Integration Book in PDF, Epub and Kindle

This book offers the reader a state-of-the-art overview on theory and empirics of business cycle synchronisation, structural reform and economic integration. Focusing on the ongoing integration process in the euro area and the EU, it analyses the integration process that has taken place since the 1980s and which is marked by the advent of the euro and the substantial enlargement that resulted from the accession of 12 new Member States in East and Southern Europe.

Identification of Slowdowns and Accelerations for the Euro Area Economy

Identification of Slowdowns and Accelerations for the Euro Area Economy
Author: Olivier Darn
Publisher:
Total Pages: 0
Release: 2011
Genre:
ISBN:

Download Identification of Slowdowns and Accelerations for the Euro Area Economy Book in PDF, Epub and Kindle

Business cycle analyses have proved to be helpful to practitioners in assessing current economic conditions and anticipating upcoming fluctuations. In this article, we focus on the acceleration cycle in the euro area, namely the peaks and troughs of the growth rate which delimit the slowdown and acceleration phases of the economy. Our aim is twofold: first, we put forward a reference turning point chronology of this cycle on a monthly basis, based on gross domestic product and industrial production indices. We consider both euro area aggregate level and country-specific cycles for the six main countries of the zone. Second, we come up with a new turning point indicator, based on business surveys carefully watched by central banks and short-term analysts, to follow in real-time the fluctuations of the acceleration cycle.