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Comparative Economic Cycles

Author

Listed:
  • Iolanda Lo Cascio

    (Queen Mary, University of London)

  • Stephen Pollock

    (Queen Mary, University of London)

Abstract

The income cycles that have been experienced by six OECD countries over the past 24 years are analysed. The amplitude of the cycles relative to the level of aggregate income varies amongst the countries, as does the degree of the damping that affects the cycles. The study aims to reveal both of these characteristics. It also seeks to determine whether there exists a clear relationship between the degree of damping and the length of the cycles. In order to estimate the parameters of the cycles, the data have been subjected to the processes of detrending, anti-alias filtering and subsampling.

Suggested Citation

  • Iolanda Lo Cascio & Stephen Pollock, 2007. "Comparative Economic Cycles," Working Papers 599, Queen Mary University of London, School of Economics and Finance.
    • Handle: RePEc:qmw:qmwecw:599
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    File URL: https://www.qmul.ac.uk/sef/media/econ/research/workingpapers/2007/items/wp599.pdf
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    References listed on IDEAS

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    Cited by:

    1. Haug, Alfred A. & King, Ian, 2014. "In the long run, US unemployment follows inflation like a faithful dog," Journal of Macroeconomics, Elsevier, vol. 41(C), pages 42-52.

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    More about this item

    Keywords

    Business cycles; Autoregressive models;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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