The NBER s pre World War I dating of business cycles implies that the U.S. economy spent nearly every other year in recession. This article extends earlier efforts at redating for the 1796 1914 period using a single metric: Davis s (2004) annual industrial production index. The new chronology alters more than 40 percent of the peak and troughs and removes the most questionable cycles. An important implication of this is the lack of discernible differences in the frequency and duration of industrial cycles among the pre Civil War, Civil War to World War I, and post World War II periods.
This paper presents insights on U.S. business cycle volatility since 1867 de- rived from diffusion i...
This paper presents insights on U.S. business cycle volatility since 1867 derived from diffusion ind...
The paper develops a non-parametric, non-stationary framework for business-cycle dating based on an ...
International audienceThis article extends earlier efforts at redating the US business cycles for th...
International audienceThis article extends earlier efforts at redating the US industrial cycles for ...
This article extends earlier efforts at redating the US business cycles for the 1790–1928 period usi...
Modern perceptions of 19th century American business cycles have been strongly influenced by the off...
This paper examines the-magnitude and timing of American business cycles from 1869 to 1928, with par...
This paper evaluates the consistency of the NBER business cycle reference dates over time. Analysis ...
This article attempts to (re)assess the post-war stabilization hypothesis for U.S. economy. Unlike ...
This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an a...
This paper presents insights on U.S. business cycle volatility since 1867 de- rived from diffusion i...
This paper presents insights on U.S. business cycle volatility since 1867 derived from diffusion ind...
The paper develops a non-parametric, non-stationary framework for business-cycle dating based on an ...
International audienceThis article extends earlier efforts at redating the US business cycles for th...
International audienceThis article extends earlier efforts at redating the US industrial cycles for ...
This article extends earlier efforts at redating the US business cycles for the 1790–1928 period usi...
Modern perceptions of 19th century American business cycles have been strongly influenced by the off...
This paper examines the-magnitude and timing of American business cycles from 1869 to 1928, with par...
This paper evaluates the consistency of the NBER business cycle reference dates over time. Analysis ...
This article attempts to (re)assess the post-war stabilization hypothesis for U.S. economy. Unlike ...
This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an a...
This paper presents insights on U.S. business cycle volatility since 1867 de- rived from diffusion i...
This paper presents insights on U.S. business cycle volatility since 1867 derived from diffusion ind...
The paper develops a non-parametric, non-stationary framework for business-cycle dating based on an ...