IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Time and frequency domain in the business cycle structure

Listed author(s):
  • Jitka Pomenkova


    (Department of Finance, Faculty of Business and Economics, Mendel University in Brno)

  • Roman Marsalek


    (Department of Radio Electronics, Faculty of Electrical Engineering and Communication, Brno University of Technology)

The paper deals with identification of cyclical behaviour of business cycle from time and frequency domain perspectives. Herewith, commonly used methods for obtaining growth business cycle are investigated - the first order difference, the unobserved component models, regression curves and filtration using Baxter-King and Christiano-Fitzgerald band-pass filters as well as Hodrick-Prescott high-pass filter. In the case of time domain analysis identification of cycle lengths is based on dating process of the growth business cycle. For this reason, methods such right and left variant of naive techniques as well as Bry-Boschan algorithm are applied. In the case frequency domain analysis of cyclical structure trough spectrum estimate via periodogram and autoregressive process with optimum lag are suggested. Results from both domain approaches are compared. On their bases recommendation for cyclical structure identification of growth business cycle of the transition economy type (the Czech Republic) are formulated. In the context of the time domain analysis evaluation of unity results of de-trending techniques from identification turning point points of view is attached. All analyses are done on the quarterly data of the gross domestic product, the total industry excluding construction, the gross capital formation in the period 1996/Q1-2008/Q4 and on the final consumption expenditure in the period 1995/Q1-2008/Q4.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Full text
Download Restriction: no

Paper provided by Mendel University in Brno, Faculty of Business and Economics in its series MENDELU Working Papers in Business and Economics with number 2011-07.

in new window

Length: 24
Date of creation: Apr 2011
Handle: RePEc:men:wpaper:07_2011
Contact details of provider: Postal:
Zemědělská 1, Brno

Phone: +420-5-45131111
Fax: +420-5-45212287
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:men:wpaper:07_2011. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Luděk Kouba)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.