Classical and modern business cycle measurement: the European case

This paper intends to harmonize two different approaches to the analysis of the business cycle and in doing so it retrieves the stylized facts of the business cycle in Europe. We start with the 'classical' approach proposed in Burns and Mitchell (1946) of dating and analyzing the business...

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Bibliographic Details
Main Authors: Krolzig, H, Toro, J
Format: Working paper
Published: University of Oxford 2001