IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-24440-5_7.html
   My bibliography  Save this book chapter

Economic Cycles: Asymmetries, Persistence, and Synchronization

In: Palgrave Handbook of Econometrics

Author

Listed:
  • Joe Cardinale
  • Larry W. Taylor

Abstract

Marking upswings and downswings for a time series {y t } provides insights that are not immediately obvious, but may be meaningful to academics, policy makers, and the general public. The mean and standard deviation of durations, as well as the amplitude and steepness of a given phase, yield fruitful insights about cycle asymmetries and persistence. Expansions and contractions in one series can then be compared to those in another to determine whether their respective cycles are synchronized. However, our primary focus here is on classical nonparametric methods for the analysis of duration, dating back to the seminal work of Burns and Mitchell (1946), Cutler and Ederer (1958), Bry and Boschan (1971), and Cox (1972). Although our specific application is to unemployment cycles, the ideas and techniques discussed in this chapter apply to a wide variety of micro- and macroeconometric studies.

Suggested Citation

  • Joe Cardinale & Larry W. Taylor, 2009. "Economic Cycles: Asymmetries, Persistence, and Synchronization," Palgrave Macmillan Books, in: Terence C. Mills & Kerry Patterson (ed.), Palgrave Handbook of Econometrics, chapter 7, pages 308-348, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24440-5_7
    DOI: 10.1057/9780230244405_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-24440-5_7. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.