Dating Business Cycles in Historical Perspective: Evidence for Switzerland
In 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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Volume (Year): 233 (2013)
Issue (Month): 5-6 (October)
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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.:
- Tommaso Proietti, 2009.
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- Proietti, Tommaso, 2008. "Structural Time Series Models for Business Cycle Analysis," MPRA Paper 6854, University Library of Munich, Germany.
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- Harding, Don & Pagan, Adrian, 2002. "Dissecting the cycle: a methodological investigation," Journal of Monetary Economics, Elsevier, vol. 49(2), pages 365-381, March.
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- Nicolas Cuche-Curti & Pamela Hall & Attilio Zanetti, 2009. "Swiss GDP revisions: A monetary policy perspective," OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys, vol. 2008(2), pages 183-213.
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- 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.
- 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. Full references (including those not matched with items on IDEAS)
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