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