|
EconStor >
Humboldt-Universität Berlin >
Sonderforschungsbereich 649: Ökonomisches Risiko, Humboldt-Universität Berlin >
SFB 649 Discussion Papers, HU Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/25042
|
| | |
| Title: | | Towards a monthly business cycle chronology for the euro area  |
| Authors: | | Mönch, Emanuel Uhlig, Harald |
| Issue Date: | | 2005 |
| Series/Report no.: | | SFB 649 discussion paper 2005,023 |
| Abstract: | | 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 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 European data, we are able to replicate approximately the dating decisions of the NBER and the CEPR. |
| Subjects: | | business cycle European business cycle Euro area Bry-Boschan NBER methodology |
| JEL: | | B41 C22 C82 E32 E58 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SFB 649 Discussion Papers, HU Berlin
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/25042
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|