Dating business cycles in the United Kingdom, 1700–2010
This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on a quarterly basis to 2010. The new chronology points to several observations about the business cycle. First, the cycle has significantly increased in duration and amplitu...
| Main Authors: | , , , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
Wiley
2023
|
| _version_ | 1797111844235640832 |
|---|---|
| author | Broadberry, S Chadha, JS Lennard, J Thomas, R |
| author_facet | Broadberry, S Chadha, JS Lennard, J Thomas, R |
| author_sort | Broadberry, S |
| collection | OXFORD |
| description | This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on a quarterly basis to 2010. The new chronology points to several observations about the business cycle. First, the cycle has significantly increased in duration and amplitude over time. Second, contractions have become less frequent but are as persistent and costly as at other times in history. Third, the typical recession has been tick-shaped with a short contraction and longer recovery. Finally, the major causes of downturns have been sectoral shocks, financial crises, and wars. |
| first_indexed | 2024-03-07T08:16:08Z |
| format | Journal article |
| id | oxford-uuid:c0619126-995e-416d-8da1-993c9b429c4c |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T08:16:08Z |
| publishDate | 2023 |
| publisher | Wiley |
| record_format | dspace |
| spelling | oxford-uuid:c0619126-995e-416d-8da1-993c9b429c4c2023-12-22T09:06:23ZDating business cycles in the United Kingdom, 1700–2010Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:c0619126-995e-416d-8da1-993c9b429c4cEnglishSymplectic ElementsWiley2023Broadberry, SChadha, JSLennard, JThomas, RThis paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on a quarterly basis to 2010. The new chronology points to several observations about the business cycle. First, the cycle has significantly increased in duration and amplitude over time. Second, contractions have become less frequent but are as persistent and costly as at other times in history. Third, the typical recession has been tick-shaped with a short contraction and longer recovery. Finally, the major causes of downturns have been sectoral shocks, financial crises, and wars. |
| spellingShingle | Broadberry, S Chadha, JS Lennard, J Thomas, R Dating business cycles in the United Kingdom, 1700–2010 |
| title | Dating business cycles in the United Kingdom, 1700–2010 |
| title_full | Dating business cycles in the United Kingdom, 1700–2010 |
| title_fullStr | Dating business cycles in the United Kingdom, 1700–2010 |
| title_full_unstemmed | Dating business cycles in the United Kingdom, 1700–2010 |
| title_short | Dating business cycles in the United Kingdom, 1700–2010 |
| title_sort | dating business cycles in the united kingdom 1700 2010 |
| work_keys_str_mv | AT broadberrys datingbusinesscyclesintheunitedkingdom17002010 AT chadhajs datingbusinesscyclesintheunitedkingdom17002010 AT lennardj datingbusinesscyclesintheunitedkingdom17002010 AT thomasr datingbusinesscyclesintheunitedkingdom17002010 |