Open access
Autor(in)
Datum
2011-07Typ
- Working Paper
ETH Bibliographie
yes
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Abstract
In this study we suggest a chronology of the classical business cycle in Switzerland. To this end we use two approaches: the approach of Artis et al. (2004) and an approach based on Markov-switching models (Hamilton, 1989). Our results show that similar conclusions can be reached by applying the two methodologies. Another result is that the chronology obtained displays high concordance with the chronology derived for the Euro Area by the CEPR Business Cycle Dating Committee. A further contribution of our study is that we determine the sensitivity of the chronology obtained with respect to a particular GDP vintage used. For this purpose we employ the real-time database that contains 53 vintages of GDP data starting from 1997Q4 until 2010Q4. The main result of this robustness exercise is that the chronology obtained is stable across different vintages, although some minor differences across vintages can be detected. Mehr anzeigen
Persistenter Link
https://doi.org/10.3929/ethz-a-006537563Publikationsstatus
publishedZeitschrift / Serie
KOF Working PapersBand
Verlag
KOF Swiss Economic Institute, ETH ZurichThema
ECONOMETRICS AND ECONOMETRIC MODELS (OPERATIONS RESEARCH); SCHWEIZ (MITTELEUROPA). SCHWEIZERISCHE EIDGENOSSENSCHAFT; SWITZERLAND (CENTRAL EUROPE). SWISS CONFEDERATION; ÖKONOMETRIE UND ÖKONOMETRISCHE MODELLE (OPERATIONS RESEARCH); Classical business cycle; GDP revisions; BUSINESS CYCLE; Switzerland; Turning points; KONJUNKTURZYKLUSOrganisationseinheit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ETH Bibliographie
yes
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