Journal ArticleDOI
Dissecting the cycle: a methodological investigation
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In this paper, the authors define the cycle as a pattern in the level of aggregate economic activity and develop an algorithm to locate turning points, as well as a new measure of procyclicality.About:
This article is published in Journal of Monetary Economics.The article was published on 2002-03-01. It has received 1432 citations till now.read more
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"S-shaped" curves in economic growth. A theoretical contribution and an application*
TL;DR: In this article, a family of unimodal differential equations that cover practically the whole range of sigmoid curves is defined, and three sub-families of these differential equations are identified that may provide acceptable fits for any S-shaped curve.
Journal ArticleDOI
Unemployment and Hysteresis: A Nonlinear Unobserved Components Approach
TL;DR: In this article, a nonlinear unobserved component model is used to find a possible hysteresis effect on unemployment rate series from Italy, France and the United States, where the estimation methodology used can be assimilated into a threshold autoregressive representation in the framework of a Kalman filter.
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Some methods for assessing the need for non-linear models in business cycle analysis
TL;DR: This article examined two types of non-linear models designed to capture the bounce-back effect in US expansions and found that the fitted models seem to be influenced by a single point in 1958 when a large negative growth rate in GDP was followed by good positive growth in the next quarter.
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Has the Euro-Mediterranean Partnership Affected Mediterranean Business Cycles?
TL;DR: In this article, turning points of reference cycle for 19 Mediterranean countries and analysis of their structure and interdependencies are presented, showing that cyclical fluctuations are poorly related to trade and financial linkages.
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Cycles inside cycles: Spanish regional aggregation
TL;DR: In this paper, the authors set out a comprehensive framework to identify regional business cycles within Spain and analyses their stylised features and the degree of synchronisation among them and the Spanish economy.
References
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Journal ArticleDOI
A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle.
TL;DR: In this article, the parameters of an autoregression are viewed as the outcome of a discrete-state Markov process, and an algorithm for drawing such probabilistic inference in the form of a nonlinear iterative filter is presented.
Journal ArticleDOI
Measuring Business Cycles.
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Frontiers of business cycle research
TL;DR: In this paper, recursive methods for computing Equilibria of business cycle models are described. But they are not suitable for non-Walrasian economic models with imperfectly competitive product markets.
Journal ArticleDOI
Detrending and business cycle facts
Fabio Canova,Fabio Canova +1 more
TL;DR: This paper examined the business cycle properties of a small set of real US macroeconomic time series using a variety of detrending methods and found that both quantitatively and qualitatively "stylized facts" of US business cycles vary widely across detrended methods and that alternative detending filters extract different types of information from the data.