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Business cycle asymmetries and the nominal exchange rate regimes Author info | Abstract | Publisher info | Download info | Related research | Statistics W A Razzak (Reserve Bank of New Zealand )
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This paper investigates differences in time series behaviour of real output and the price levels in seven countries (the United States, the United Kingdom, Germany, Japan, Canada, Australia, and New Zealand) under alternative exchange rate systems. Quarterly data spanning the Bretton-Woods and the subsequent floating exchange rate regimes are used to test whether or not the cyclical fluctuations of output and price levels are symmetric. It is shown that the evidence of asymmetries depends on the prevailing nominal exchange rate regime and the method used to de-trend the data.
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Paper provided by Reserve Bank of New Zealand in its series Reserve Bank of New Zealand Discussion Paper Series with number
G98/4.
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Length: 19p
Date of creation: May 1998Date of revision:
Handle: RePEc:nzb:nzbdps:1998/04Contact details of provider: Postal: P.O. Box 2498, Wellington Phone: 64 4 471-3767 Fax: 64 4 471-2270 Email: Web page: http://www.rbnz.govt.nz More information through EDIRC
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W.A. Razzak, 2001.
"Business Cycle Asymmetries: International Evidence ,"
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Other versions: Christian Richter & Andrew Hughes Hallett, 2005.
"A Time-Frequency Analysis of the Coherences of the US Business ,"
Computing in Economics and Finance 2005
45, Society for Computational Economics.
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