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Volumn 25, Issue 8, 2001, Pages 1103-1107

Alternative definitions of the business cycle and their implications for business cycle models: A reply to Torben Mark Pederson

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Indexed keywords


EID: 0012826143     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1889(99)00060-3     Document Type: Note
Times cited : (18)

References (14)
  • 2
    • 49149136203 scopus 로고
    • A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the business cycle
    • Beveridge S., Nelson C.R. A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the business cycle. Journal of Monetary Economics. 7:1981;151-174.
    • (1981) Journal of Monetary Economics , vol.7 , pp. 151-174
    • Beveridge, S.1    Nelson, C.R.2
  • 3
    • 38249030129 scopus 로고
    • Why does inventory investment fluctuate so much?
    • Christiano L.J. Why does inventory investment fluctuate so much? Journal of Monetary Economics. 21:1988;247-280.
    • (1988) Journal of Monetary Economics , vol.21 , pp. 247-280
    • Christiano, L.J.1
  • 5
    • 0040382317 scopus 로고
    • Effects of the Hodrick-Prescott filter on trend and difference stationary time series: Implications for business cycle research
    • Cogley T., Nason J.M. Effects of the Hodrick-Prescott filter on trend and difference stationary time series. implications for business cycle research Journal of Economic Dynamics and Control. 19:1995;253-278.
    • (1995) Journal of Economic Dynamics and Control , vol.19 , pp. 253-278
    • Cogley, T.1    Nason, J.M.2
  • 6
    • 0001534728 scopus 로고
    • Output dynamics in real business cycle models
    • Cogley T., Nason J.M. Output dynamics in real business cycle models. American Economic Review. 85:1995;492-511.
    • (1995) American Economic Review , vol.85 , pp. 492-511
    • Cogley, T.1    Nason, J.M.2
  • 9
    • 15244363192 scopus 로고
    • Production, growth, and business cycles: The basic neoclassical model
    • King R.G., Plosser C.I., Rebelo S. Production, growth, and business cycles. the basic neoclassical model Journal of Monetary Economics. 21:1988;195-232.
    • (1988) Journal of Monetary Economics , vol.21 , pp. 195-232
    • King, R.G.1    Plosser, C.I.2    Rebelo, S.3
  • 11
    • 0001519332 scopus 로고
    • Time-to-build and aggregate fluctuations
    • Kydland F.E., Prescott E.C. Time-to-build and aggregate fluctuations. Econometrica. 50:1982;1345-1370.
    • (1982) Econometrica , vol.50 , pp. 1345-1370
    • Kydland, F.E.1    Prescott, E.C.2
  • 12
    • 0041467262 scopus 로고    scopus 로고
    • The Hodrick-Prescott filter
    • Institute of Economics, University of Copenhagen, unpublished manuscript
    • Pederson, T.M., 1998. The Hodrick-Prescott filter, the Slutzky effect and the distortionary effect of filters. Institute of Economics, University of Copenhagen, unpublished manuscript.
    • (1998) The Slutzky Effect and the Distortionary Effect of Filters
    • Pederson, T.M.1
  • 13
    • 0029800061 scopus 로고    scopus 로고
    • Real-business-cycle models and forecastable movements in output, hours, and consumption
    • Rotemberg J.J., Woodford M. Real-business-cycle models and forecastable movements in output, hours, and consumption. American Economic Review. 86:1996;71-89.
    • (1996) American Economic Review , vol.86 , pp. 71-89
    • Rotemberg, J.J.1    Woodford, M.2
  • 14
    • 85055297484 scopus 로고
    • Measures of fit for calibrated models
    • Watson M. Measures of fit for calibrated models. Journal of Political Economy. 101:1993;119-132.
    • (1993) Journal of Political Economy , vol.101 , pp. 119-132
    • Watson, M.1


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