Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany-Reference-Cited by-同舟云学术

Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany

Published:2021-04 Issue:1 Volume:17 Page:71-89
ISSN:2509-7962
Container-title:Journal of Business Cycle Research
language:en
Short-container-title:J Bus Cycle Res

Author:

Gehringer Agnieszka,Mayer Thomas

Abstract

AbstractThis paper introduces a Business Cycle Indicator to compile a transparent and reliable chronology of past business cycle turning points for Germany. The Indicator is derived applying the statistical method of Principal Component Analysis, based on information from 20 economic time series. In this way, the Business Cycle Indicator grasps the development of the broader economic activity and has several advantages over a business cycle assessment based on quarterly series of Gross Domestic Product.

Funder

Technische Hochschule Köln

Publisher

Springer Science and Business Media LLC

Subject

Statistics, Probability and Uncertainty,Economics and Econometrics,Finance,Business and International Management

Link

https://link.springer.com/content/pdf/10.1007/s41549-021-00054-6.pdf

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