The Austrian Business Cycle in the European Context

The Austrian Business Cycle in the European Context

作者:Scheiblecker, Marcus
ISBN:9783631576076
语言:English
出版社:Peter Lang International Academic Publishers
格式:Pdf
资源下载
此资源为免费资源,请先后下载

Keywords

Austrian; Business; Context; Cycle; European; Geschichte 1976-2005; Konjunktur; Konjunkturanalyse; Konjunkturzyklus; Österreich; Scheiblecker

Abstract

Dating business cycle turning points is still an important task for economic policy decisions. This study does this for the Austrian economy for the period between 1976 and 2005, using only quarterly national accounts data of Austria, Germany and the euro area. Three different filtering methods are applied: first-order differences, the Hodrick-Prescott filter, and the Baxter-King filter. To all of them, two different methods of determining the business cycle are applied: the ad-hoc determination of the business cycle and a dynamic factor model, taking into account the common variations of Austria, the euro area and the German business cycle movements. The results of both methods are dated by the Bry-Boschan algorithm in order to locate peaks and troughs of the cycle. The results are interpreted and compared to already exiting studies on the euro area and the Austrian business cycle.

资源下载此资源仅限注册用户下载,请先
资源下载
下载价格:免费
作者:Scheiblecker, Marcus
ISBN:9783631576076
语言:English
出版社:Peter Lang International Academic Publishers
格式:Pdf
0

评论0

没有账号? 注册  忘记密码?