| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4643 |
| 来源ID | Working Paper 4643 |
| Measuring Business Cycles: A Modern Perspective | |
| Francis X. Diebold; Glenn D. Rudebusch | |
| 发表日期 | 1994-02-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | In the first half of this century, special attention was given to two features of the business cycle: (1) the comovement of many individual economic series and (2) the different behavior of the economy during expansions and contractions. Both of these attributes were ignored in many subsequent business cycle models, which were often linear representations of a single macroeconomic aggregate. However, recent theoretical and empirical research has revived interest in each attribute separately. Notably, dynamic factor models have been used to obtain a single common factor from a set of macroeconomic variables, and nonlinear models have been used to describe the regime-switching nature of aggregate output. We survey these two strands of research and then provide some suggestive empirical analysis in an effort to unite the two literatures and to assess their usefulness in a statistical characterization of business- cycle dynamics. |
| 主题 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w4643 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562029 |
| 推荐引用方式 GB/T 7714 | Francis X. Diebold,Glenn D. Rudebusch. Measuring Business Cycles: A Modern Perspective. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4643.pdf（311KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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