EconPapers    
Economics at your fingertips  
 

A Revision of the US Business- Cycles Chronology 1790–1928

Amelie Charles, Olivier Darné and Claude Diebolt ()

Working Papers from HAL

Abstract: This article extends earlier efforts at redating the US business cycles for the 1790–1928 period using the real Gross Domestic Product (GDP) constructed by Johnson and Williamson (2007). We compare the alternative chronology with those of the NBER and Davis (2006) as well as Romer (1994) for the postbellum period. The resulting chronology alters more than 50% percent of the peaks and troughs identified by the NBER and Davis's chronologies, especially during the antebellum period, and removes those cycles long considered the most question- able, as growth or industrial cycles. An important result of the new chronology is the lack of discernible differences in the frequency and duration of US busi- ness cycles among the antebellum and postbellum periods. We also find that the average frequency and duration of contractions are less important than those of expansions.

Keywords: Business cycle; Dating chronology (search for similar items in EconPapers)
Date: 2011-01-27
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-00570304
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://hal.archives-ouvertes.fr/hal-00570304/document (application/pdf)

Related works:
Journal Article: A revision of the US business-cycles chronology 1790-1928 (2014) Downloads
Working Paper: A revision of the US business-cycles chronology 1790-1928 (2014) Downloads
Working Paper: A Revision of the US Business-Cycles Chronology 1790–1928 (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-00570304

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2020-10-24
Handle: RePEc:hal:wpaper:hal-00570304