Verfügbarkeit: Towards a Monthly Business Cycle Chronology for the Euro Area

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Titel:	Towards a Monthly Business Cycle Chronology for the Euro Area
Von:	Emanuel Mönch and Harald Uhlig
Person:	Mönch, Emanuel Verfasser aut Uhlig, Harald
Hauptverfasser:	Mönch, Emanuel (VerfasserIn)
Weitere Personen:	Uhlig, Harald (MitwirkendeR)
Format:	Elektronisch Buchkapitel
Sprache:	Englisch
Veröffentlicht:	Paris OECD Publishing 2005
Schlagworte:	Economics Euro Area
Online-Zugang:	https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r https://doi.org/10.1787/jbcma-2005-5km7v183t48r
Zusammenfassung:	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 Euro area data, we are able to replicate approximately the dating decisions of the National Bureau of Economic Research (NBER) and the Centre for Economic Policy Research (CEPR)
Beschreibung:	1 Online-Ressource (27 Seiten) 16 x 23cm
DOI:	10.1787/jbcma-2005-5km7v183t48r

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Datensatz im Suchindex

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spelling	Mönch, Emanuel Verfasser aut Towards a Monthly Business Cycle Chronology for the Euro Area Emanuel Mönch and Harald Uhlig Paris OECD Publishing 2005 1 Online-Ressource (27 Seiten) 16 x 23cm txt rdacontent c rdamedia cr rdacarrier 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 Euro area data, we are able to replicate approximately the dating decisions of the National Bureau of Economic Research (NBER) and the Centre for Economic Policy Research (CEPR) Economics Euro Area Uhlig, Harald ctb https://doi.org/10.1787/jbcma-2005-5km7v183t48r Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Mönch, Emanuel Towards a Monthly Business Cycle Chronology for the Euro Area Economics Euro Area
title	Towards a Monthly Business Cycle Chronology for the Euro Area
title_auth	Towards a Monthly Business Cycle Chronology for the Euro Area
title_exact_search	Towards a Monthly Business Cycle Chronology for the Euro Area
title_full	Towards a Monthly Business Cycle Chronology for the Euro Area Emanuel Mönch and Harald Uhlig
title_fullStr	Towards a Monthly Business Cycle Chronology for the Euro Area Emanuel Mönch and Harald Uhlig
title_full_unstemmed	Towards a Monthly Business Cycle Chronology for the Euro Area Emanuel Mönch and Harald Uhlig
title_short	Towards a Monthly Business Cycle Chronology for the Euro Area
title_sort	towards a monthly business cycle chronology for the euro area
topic	Economics Euro Area
topic_facet	Economics Euro Area
url	https://doi.org/10.1787/jbcma-2005-5km7v183t48r
work_keys_str_mv	AT monchemanuel towardsamonthlybusinesscyclechronologyfortheeuroarea AT uhligharald towardsamonthlybusinesscyclechronologyfortheeuroarea

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