Add to ORKGRecently developed testing procedures have led to renewed interest in the empirical evaluation of the hypothesis that business cycle contractions tend to be sharper and shorter than expansions. Evidence presented by Neftci (1984) and Falk (1984) suggests that, in the United States, cycles in unemployment and real GNP behave in ways that are consistent with the asymmetry hypothesis. This paper looks at time series pertaining to aggregate production in Canada and four West European countries. It does not find additional support for the asymmetry hypothesis
Friedman’s ‘plucking’ model, in which output cannot exceed a ceiling level but is occasionally pluck...
In this paper we test for asymmetric behaviour of business cycles for the G7 countries, using the en...
We offer a theory of economic fluctuations based on intertemporal increasing returns: agents who hav...
Evidence has recently been put forward to support the hypothesis that recessions tend to be steeper ...
This paper tests for business cycle symmetry in G7 countries during the post-World War II period usi...
Most specifications of Okun's law assume a symmetric relationship between changes in unemployment an...
Research background: One of business cycles stylised facts is that contractions are shorter than exp...
Evidence has recently been put forward to support the hypothesis that recessions tend to be steeper ...
We investigate the nature of asymmetries in U.S. business cycle dynamics using a dynamic two-factor ...
Business cycles in the U.S. and G-7 economies are asymmetric: recoveries and expansions tend to be l...
Innovations to total factor productivity are thought to be an important determinant of business cycl...
Business cycle asymmetry is examined using annual observations on GDP for 22 economies over the peri...
Business cycles in the U.S. and G-7 economies are asymmetric: recoveries and expansions tend to be l...
Business cycle asymmetry is examined using annual observations on GDP for 22 economies over the peri...
In this paper we test for asymmetric behaviour of business cycles for the G7 countries, using the en...
Friedman’s ‘plucking’ model, in which output cannot exceed a ceiling level but is occasionally pluck...
In this paper we test for asymmetric behaviour of business cycles for the G7 countries, using the en...
We offer a theory of economic fluctuations based on intertemporal increasing returns: agents who hav...
Evidence has recently been put forward to support the hypothesis that recessions tend to be steeper ...
This paper tests for business cycle symmetry in G7 countries during the post-World War II period usi...
Most specifications of Okun's law assume a symmetric relationship between changes in unemployment an...
Research background: One of business cycles stylised facts is that contractions are shorter than exp...
Evidence has recently been put forward to support the hypothesis that recessions tend to be steeper ...
We investigate the nature of asymmetries in U.S. business cycle dynamics using a dynamic two-factor ...
Business cycles in the U.S. and G-7 economies are asymmetric: recoveries and expansions tend to be l...
Innovations to total factor productivity are thought to be an important determinant of business cycl...
Business cycle asymmetry is examined using annual observations on GDP for 22 economies over the peri...
Business cycles in the U.S. and G-7 economies are asymmetric: recoveries and expansions tend to be l...
Business cycle asymmetry is examined using annual observations on GDP for 22 economies over the peri...
In this paper we test for asymmetric behaviour of business cycles for the G7 countries, using the en...
Friedman’s ‘plucking’ model, in which output cannot exceed a ceiling level but is occasionally pluck...
In this paper we test for asymmetric behaviour of business cycles for the G7 countries, using the en...
We offer a theory of economic fluctuations based on intertemporal increasing returns: agents who hav...