International evidence on business cycle duration dependence

Francis Diebold, Glenn Rudebusch and Daniel Sichel ()

No 31, Discussion Paper / Institute for Empirical Macroeconomics from Federal Reserve Bank of Minneapolis

Abstract: We provide an investigation of duration dependence in prewar business expansions, contractions, and whole cycles for France, Germany, and Great Britain. Our results, obtained using both nonparametric and parametric procedures, generally indicate the presence of positive duration dependence in expansions and whole cycles but not in contractions. Our results corroborate those of our earlier studies of the United States.

Keywords: Business; cycles (search for similar items in EconPapers)
Date: 1990
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