The case for international business cycle research

A business cycle or growth cycle chronology is a set of dates which indicate the beginning and end of a slowdown or recession. The National Bureau of Economic Research has established the dates of peaks and troughs in the business cycle for many years, and interest in business cycles has been growin...

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Bibliographic Details
Published in:Atlantic economic journal 1980-09, Vol.8 (3), p.5-16
Main Author: Moore, Geoffrey H.
Format: Article
Language:English
Subjects:
Business cycles
Economic growth
Economic indicators
Inflation
International
International business
Recessions
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Summary:A business cycle or growth cycle chronology is a set of dates which indicate the beginning and end of a slowdown or recession. The National Bureau of Economic Research has established the dates of peaks and troughs in the business cycle for many years, and interest in business cycles has been growing in other countries. As part of international business cycle research, it is important that researchers in each country participate because of their familiarity with their own country's data and economic environment. Another use of growth cycle chronologies is to facilitate the selection and testing of leading, coincident, and lagging indicators. There is evidence that lagging indicators play a role in generating cyclical fluctuations. In tracing business cycles in the US, UK, West Germany, and Japan since 1950, there have been no instances where a decline in the rate of inflation was not associated with a slowdown or a recession.
ISSN:0197-4254
1573-9678
DOI:10.1007/BF02299797