Business Cycle Volatility in Developed Market Economies, 1870-1986: Revisions and Conjectures
Morris Altman ()
Eastern Economic Journal, 1992, vol. 18, issue 3, 259-275
Alternative estimates for the volatility of pre-depression and post-World War II Canadian business cycles are constructed using various real Canadian GNP series. These estimates all suggest that the latter period was prone to much less cyclical volatility than the pre-depression years. With few exceptions, similar results are obtained from volatility estimates produced for thirteen other now-developed nations, including the United States. These findings provide evidential support for the traditional view that there was a considerable dampening of the business cycle in the years following World War II period compared to the pre-depression period.
Keywords: Business Cycles; Cycle; Depression; GNP (search for similar items in EconPapers)
JEL-codes: E32 N10 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:18:y:1992:i:3:p:259-275
Access Statistics for this article
Eastern Economic Journal is currently edited by Cynthia A. Bansak, St. Lawrence University and Allan A. Zebedee, Clarkson University
More articles in Eastern Economic Journal from Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson, College of the Holy Cross ().