IDEAS home Printed from https://ideas.repec.org/p/mtu/wpaper/26_02.html

On quantitative and graphical measures of the severity of New Zealand’s recessions and strength of its expansions

Author

Abstract

We develop three measures for the shape of business cycle phases, reflecting excess gains and losses relative to constant quarterly growth across the phase. These measures can be seen as representing better or worse economic outcomes during recession and expansion phases relative to constant growth rate paths and, as a consequence, provide summary evaluation measures for such economic outcomes. Using a phase’s constant quarterly growth rate as the benchmark, our methodology builds on Harding and Pagan (2016) by developing quantitative measures that have useful economic interpretations and which are amenable to informative graphical display and analysis. Empirical outcomes are provided for New Zealand’s recession and expansion phases.

Suggested Citation

  • Viv B. Hall & John McDermott & Peter Thomson, 2026. "On quantitative and graphical measures of the severity of New Zealand’s recessions and strength of its expansions," Motu Working Papers 26_02, Motu Economic and Public Policy Research.
    • Handle: RePEc:mtu:wpaper:26_02
    as

    Download full text from publisher

    File URL: https://motu-www.motu.org.nz/wpapers/26_02.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

    Statistics

    Access and download statistics

    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:mtu:wpaper:26_02. 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: Emma Williams (email available below). General contact details of provider: https://edirc.repec.org/data/motuenz.html .

    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.