Dating Business Cycles in Historical Perspective: Evidence for Switzerland
AbstractIn this study we suggest a chronology of the classical business cycle in Switzerland based on dating algorithms suggested in Artis et al. (2004) and Harding and Pagan (2002). A further contribution of our study is that we determine the sensitivity of the chronology with respect to the particular GDP vintage used. For this purpose we employ a real-time database that contains 59 vintages of GDP data starting from 1997Q4 and ending in 2012Q2. We show that major changes in identified phases of the classical business cycle in Switzerland can be well traced to several benchmark revisions to the national accounts. In the absence of benchmark revisions the vintage-to-vintage variation exerts a comparatively minor effect on identified phases of the classical business cycle.
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Bibliographic InfoArticle provided by Justus-Liebig University Giessen, Department of Statistics and Economics in its journal Journal of Economics and Statistics.
Volume (Year): 233 (2013)
Issue (Month): 5-6 (October)
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More information through EDIRC
Classical business cycle; turning points; GDP revisions; Switzerland;
Other versions of this item:
- Boriss Siliverstovs, 2011. "Dating Business Cycles in a Historical Perspective: Evidence for Switzerland," KOF Working papers 11-284, KOF Swiss Economic Institute, ETH Zurich.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pollock, D. S. G., 2000. "Trend estimation and de-trending via rational square-wave filters," Journal of Econometrics, Elsevier, vol. 99(2), pages 317-334, December.
- Michael Artis & Massimiliano Marcellino & Tommaso Proietti, 2004. "Dating Business Cycles: A Methodological Contribution with an Application to the Euro Area," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 66(4), pages 537-565, 09.
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- Nicolas Cuche-Curti & Pamela Hall & Attilio Zanetti, 2008. "Swiss GDP revisions: A monetary policy perspective," OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing,CIRET, vol. 2008(2), pages 183-213.
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- Gomez, Victor, 2001. "The Use of Butterworth Filters for Trend and Cycle Estimation in Economic Time Series," Journal of Business & Economic Statistics, American Statistical Association, vol. 19(3), pages 365-73, July.
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