Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany

This paper introduces a Business Cycle Indicator to compile a transparent and reliable chronology of past business cycle turning points for Germany. The Indicator is derived applying the statistical method of Principal Component Analysis, based on information from 20 economic time series. In this wa...

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Detalles Bibliográficos
Autores principales: Gehringer, Agnieszka, Mayer, Thomas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2021
Materias:
Research Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8032852/
http://dx.doi.org/10.1007/s41549-021-00054-6
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author Gehringer, Agnieszka
Mayer, Thomas
author_facet Gehringer, Agnieszka
Mayer, Thomas
author_sort Gehringer, Agnieszka
collection PubMed
description This paper introduces a Business Cycle Indicator to compile a transparent and reliable chronology of past business cycle turning points for Germany. The Indicator is derived applying the statistical method of Principal Component Analysis, based on information from 20 economic time series. In this way, the Business Cycle Indicator grasps the development of the broader economic activity and has several advantages over a business cycle assessment based on quarterly series of Gross Domestic Product.
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spelling pubmed-80328522021-04-09 Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany Gehringer, Agnieszka Mayer, Thomas J Bus Cycle Res Research Paper This paper introduces a Business Cycle Indicator to compile a transparent and reliable chronology of past business cycle turning points for Germany. The Indicator is derived applying the statistical method of Principal Component Analysis, based on information from 20 economic time series. In this way, the Business Cycle Indicator grasps the development of the broader economic activity and has several advantages over a business cycle assessment based on quarterly series of Gross Domestic Product. Springer International Publishing 2021-04-09 2021 /pmc/articles/PMC8032852/ http://dx.doi.org/10.1007/s41549-021-00054-6 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Research Paper
Gehringer, Agnieszka
Mayer, Thomas
Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany
title Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany
title_full Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany
title_fullStr Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany
title_full_unstemmed Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany
title_short Measuring the Business Cycle Chronology with a Novel Business Cycle Indicator for Germany
title_sort measuring the business cycle chronology with a novel business cycle indicator for germany
topic Research Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8032852/
http://dx.doi.org/10.1007/s41549-021-00054-6
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