Measuring and Interpreting Business Cycles

By Villy Bergström; Anders Vredin | Go to book overview

Measuring and Interpreting
Business Cycles

edited by
VILLY BERGSTRÖM and
ANDERS VREDIN

CLARENDON PRESS • OXFORD 1994

-iii-

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Measuring and Interpreting Business Cycles
Table of contents

Table of contents

  • 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
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