Advanced Search
MyIDEAS: Login

The Ifo Business Cycle Clock: Circular Correlation with the Real GDP

Contents:

Author Info

  • Klaus Abberger
  • Wolfgang Nierhaus

    ()

Abstract

The Ifo Business Climate is the most important indicator for the business cycle in Germany. In 1993 the connection between the two components of the business climate – business situation and business expectations – was graphically portrayed by Ifo in a 4-quadrant scheme: the Ifo Business Cycle Clock. Today similar monitoring systems are firmly established and are presented by Eurostat, the OECD and others. The German Federal Statistical Office presents the real GDP in a 4-quadrant scheme. In the following, important qualities of the Ifo Business Cycle Clock are shown. The importance of orthogonal functions for the circular correlation is examined.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2010/wp-cesifo-2010-09/cesifo1_wp3179.pdf
Download Restriction: no

Bibliographic Info

Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 3179.

as in new window
Length:
Date of creation: 2010
Date of revision:
Handle: RePEc:ces:ceswps:_3179

Contact details of provider:
Postal: Poschingerstrasse 5, 81679 Munich
Phone: +49 (89) 9224-0
Fax: +49 (89) 985369
Email:
Web page: http://www.cesifo.de
More information through EDIRC

Related research

Keywords: Ifo business climate; growth cycle; circular correlation; linear-circular correlation; temporal disaggregation;

Find related papers by JEL classification:

References

References listed on IDEAS
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.:
as in new window
  1. Klaus Abberger & Wolfgang Nierhaus, 2010. "Markov-Switching and the Ifo Business Climate: The Ifo Business Cycle Traffic Lights," CESifo Working Paper Series 2936, CESifo Group Munich.
  2. Chow, Gregory C & Lin, An-loh, 1971. "Best Linear Unbiased Interpolation, Distribution, and Extrapolation of Time Series by Related Series," The Review of Economics and Statistics, MIT Press, vol. 53(4), pages 372-75, November.
  3. Klaus Abberger & Wolfgang Nierhaus, 2008. "Die ifo Konjunkturuhr: Ein Präzisionswerk zur Analyse der Wirtschaft," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 61(23), pages 16-24, December.
  4. Klaus Abberger, 2005. "Another Look at the Ifo Business Cycle Clock," Journal of Business Cycle Measurement and Analysis, OECD Publishing,CIRET, vol. 2005(3), pages 431-443.
  5. Wolfgang Nierhaus & Willi Leibfritz, 1993. "Westdeutsche Wirtschaft : wie tief ist die Rezession?," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 46(07), pages 10-15, October.
  6. Klaus Abberger & Wolfgang Nierhaus, 2010. "Die ifo Konjunkturuhr: Zirkulare Korrelation mit dem Bruttoinlandsprodukt," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 63(05), pages 32-43, 03.
  7. Gerhard Bry & Charlotte Boschan, 1971. "Cyclical Analysis of Time Series: Selected Procedures and Computer Programs," NBER Books, National Bureau of Economic Research, Inc, number bry_71-1, May.
  8. Klaus Abberger & Manuel Birnbrich & Christian Seiler, 2009. "Der »Test des Tests« im Handel – eine Metaumfrage zum ifo Konjunkturtest," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 62(21), pages 34-41, November.
  9. Klaus Abberger & Wolfgang Nierhaus, 2009. "Months for Cyclical Dominance und ifo Geschäftsklima," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 62(07), pages 11-19, 04.
  10. Klaus Abberger & Wolfgang Nierhaus, 2007. "Das ifo Geschäftsklima: Ein zuverlässiger Frühindikator," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 60(05), pages 25-30, 03.
  11. repec:ces:ifosdt:v::y:2009:i::p:34-41 is not listed on IDEAS
  12. Klaus Abberger & Klaus Wohlrabe, 2006. "Einige Prognoseeigenschaften des ifo Geschäftsklimas - Ein Überblick über die neuere wissenschaftliche Literatur," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 59(22), pages 19-26, November.
  13. Canova, Fabio, 1993. "Detrending and Business Cycle Facts," CEPR Discussion Papers 782, C.E.P.R. Discussion Papers.
  14. Klaus Abberger & Wolfgang Nierhaus, 2008. "How to Define a Recession?," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 9(4), pages 74-76, December.
  15. Zarnowitz, Victor, 1992. "Business Cycles," National Bureau of Economic Research Books, University of Chicago Press, number 9780226978901.
  16. Geoffrey H. Moore & Julius Shiskin, 1967. "Indicators of Business Expansions and Contractions," NBER Books, National Bureau of Economic Research, Inc, number moor67-2, May.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. May Elsayyad & Kai A. Konrad, 2011. "Fighting Multiple Tax Havens," Working Papers fighting_multiple_tax_hav, Max Planck Institute for Tax Law and Public Finance.
  2. Klaus Abberger & Wolfgang Nierhaus, 2010. "Drei Monitorsysteme zur Analyse der sächsischen Industriekonjunktur," ifo Dresden berichtet, Ifo Institute for Economic Research at the University of Munich, vol. 17(06), pages 33-39, December.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_3179. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Saavedra).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.