Measurement of Business Cycles

Don Harding () and Adrian Rodney Pagan

No 966, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: We describe different ways of measuring the business cycle. Insti- tutions such as the NBER, OECD and IMF do this through locating the turning points in series taken to represent the aggregate level of economic activity. The turning points are determined according to rules that either come from a parametric model or are non-parametric. Once located information can be extracted on cycle characteristics. We also distinguish cases where a single or multiple series are used to represent the level of activity.

JEL-codes: E32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-cba, nep-ecm and nep-mac
Date: 2006
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