Measuring and Interpreting Business Cycles

Table of contents

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• Title Page iii
• Contents v
• List of Figures vii
• List of Tables viii
• Introduction 1
• References 7
• Part I - The Swedish Business Cycle Stylized Facts Over 130 Years 9
• 1 - Introduction 11
• 2 - Data 14
• 3 - What Are Business Cycles? 18
• 4 - Broad Facts for Sweden, 1861-1988 31
• 5 - Narrow Facts 64
• 6 - Concluding Comments 85
• Appendix I.1 - Data Sources and Definitions 90
• Appendix 1.2 - Filters and Frequency-Dmain Statistics 97
• Appendix I.3 - Statistical Inference on Filtered Data 105

• Title Page iii
• Contents v
• List of Figures vii
• List of Tables viii
• Introduction 1
• References 7
• Part I - The Swedish Business Cycle Stylized Facts Over 130 Years 9
• 1 - Introduction 11
• 2 - Data 14
• 3 - What Are Business Cycles? 18
• 4 - Broad Facts for Sweden, 1861-1988 31
• 5 - Narrow Facts 64
• 6 - Concluding Comments 85
• Appendix I.1 - Data Sources and Definitions 90
• Appendix 1.2 - Filters and Frequency-Dmain Statistics 97
• Appendix I.3 - Statistical Inference on Filtered Data 105
• 7 - Comment 109
• 8 - Comment 114
• References 119
• Part II - Macroeconomic Shocks in an Open Economy a Common-Trends Representation of Swedish Data 1871-1990 125
• 9 - Introduction 127
• 10 - Vector Autoregressions 131
• 11 - Common-Trends Models of Macroeconomic Fluctuations 136
• 12 - Examples 149
• 13 - Data Description 156
• 14 - Impulses and Propagation Mechanisms in Sweden 172
• 15 - What Can We Learn About Business Cycles from Var Models? 193
• 16 - Comment 195
• 17 - Comment 214
• References 219
• Part III - Expectations-Driven, Non-Linear Business Cycles 225
• 18 - Expectations-Driven Non-Linear Business Cycles 227
• 19 - Comments 256
• References 263
• Index 267