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    The Austrian Business Cycle in the European Context

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    Author(s)
    Scheiblecker, Marcus
    Language
    English
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    Abstract
    Dating business cycle turning points is still an important task for economic policy decisions. This study does this for the Austrian economy for the period between 1976 and 2005, using only quarterly national accounts data of Austria, Germany and the euro area. Three different filtering methods are applied: first-order differences, the Hodrick-Prescott filter, and the Baxter-King filter. To all of them, two different methods of determining the business cycle are applied: the ad-hoc determination of the business cycle and a dynamic factor model, taking into account the common variations of Austria, the euro area and the German business cycle movements. The results of both methods are dated by the Bry-Boschan algorithm in order to locate peaks and troughs of the cycle. The results are interpreted and compared to already exiting studies on the euro area and the Austrian business cycle.
    URI
    http://library.oapen.org/handle/20.500.12657/26818
    Keywords
    Austrian; Business; Context; Cycle; European; Geschichte 1976-2005; Konjunktur; Konjunkturanalyse; Konjunkturzyklus; Österreich; Scheiblecker
    DOI
    10.3726/b13975
    ISBN
    9783631754580
    OCN
    1082947174
    Publisher
    Peter Lang International Academic Publishers
    Publisher website
    https://www.peterlang.com/
    Publication date and place
    Bern, 2018
    Series
    Forschungsergebnisse der Wirtschaftsuniversitaet Wien, 25
    Classification
    Economic theory and philosophy
    Pages
    227
    Rights
    https://creativecommons.org/licenses/by/4.0/legalcode
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    License

    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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