search query: @indexterm BUSINESS CYCLES / total: 529
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| Author: | Ghysels, E. |
| Title: | On seasonality and business cycle durations: A nonparametric investigation |
| Journal: | Journal of Econometrics
1997 : AUG, VOL. 79:2, p. 269-290 |
| Index terms: | BUSINESS CYCLES SEASONAL FLUCTUATION DURATION ANALYSIS |
| Language: | eng |
| Abstract: | This study's analysis rests on a relatively model-free and distribution-free testing strategy to explore the dependence of business cycle fluctuations on the repetitive intra-year dynamics of the economic environment. The study relies on business cycle chronologies, more than one was used to assess robustness, and adopts a set of nonparametric tests applied to business cycle duration data. The results reinforce findings of reported in Ghysels (1991, 1994b) regarding a periodic structure in the propensity to change business cycle phases. Business cycle durations appear to be seasonal. |
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