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Federal Reserve Bank of Minneapolis
Discussion Paper / Institute for Empirical Macroeconomics
International evidence on business cycle duration dependence
Francis X. Diebold
Glenn D. Rudebusch
Daniel E. Sichel
We provide an investigation of duration dependence in prewar business expansions, contractions, and whole cycles for France, Germany, and Great Britain. Our results, obtained using both nonparametric and parametric procedures, generally indicate the presence of positive duration dependence in expansions and whole cycles but not in contractions. Our results corroborate those of our earlier studies of the United States.

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Bibliographic information
Francis X. Diebold & Glenn D. Rudebusch & Daniel E. Sichel, International evidence on business cycle duration dependence, Discussion Paper / Institute for Empirical Macroeconomics 31, Federal Reserve Bank of Minneapolis, 1990.
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Keywords: Business cycles
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