The ultimate objective of this paper is to discuss the duration of business cycles and the related issue of the probability of recession. To reach that objective it is necessary to first agree on a definition of business cycles. It is also necessary to agree on how to define the key features of business cycles and to agree on the rules for identifying and dating these key features. Although not strictly necessary for this paper, it is also helpful to discuss why we seek to identify and date key features of the business cycles.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
3357.
Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
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