International evidence on business cycle duration dependence
We provide an investigation of duration dependence in prewar business expansions, contractions, and whole cycles for France, Germany, and Great Britain. Our results, obtained using both nonparametric and parametric procedures, generally indicate the presence of positive duration dependence in expansions and whole cycles but not in contractions. Our results corroborate those of our earlier studies of the United States.
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"Building Blocks of Market Clearing Business Cycle Models,"
NBER Chapters,in: NBER Macroeconomics Annual 1989, Volume 4, pages 247-302
National Bureau of Economic Research, Inc.
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- Oskar Morgenstern, 1959. "International Financial Transactions and Business Cycles," NBER Books, National Bureau of Economic Research, Inc, number morg59-1, 01. Full references (including those not matched with items on IDEAS)