Technical Report, SFB 475: Komplexitätsreduktion in Multivariaten Datenstrukturen, Universität Dortmund 2001,08
The recent renaissance of business cycle analysis has led to a renewed interest in business cycle classification as pioneered by Burns/Mitchell, Spiethoff and resumed in the seventies by Meyer/Weinberg (1975a, b). The rather successful elaboration and test of a “modern” four-phase classification scheme for the United States and West Germany by Meyer/Weinberg motivated the present authors to develop such a classification scheme for West Germany. Based on a kind of stylised facts it should help to translate the multifaced quantitative picture of the cycle into qualitative information.
Business cycle four phase scheme West Germany 1961 to 1996 discriminant analysis