A Cross-Country Study of the Symmetry of Business Cycles

Thumbnail Image
Date
1984
Authors
Falk, Barry
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Authors
Research Projects
Organizational Units
Organizational Unit
Journal Issue
Is Version Of
Versions
Series
Department
Economics
Abstract

Recently developed testing procedures have led to renewed interest in the empirical evaluation of the hypothesis that business cycle contractions tend to be sharper and shorter than expansions. Evidence presented by Neftci (1984) and Falk (1984) suggests that, in the United States, cycles in unemployment and real GNP behave in ways that are consistent with the asymmetry hypothesis. This paper looks at time series pertaining to aggregate production in Canada and four West European countries. It does not find additional support for the asymmetry hypothesis.

Comments
Description
Keywords
Citation
DOI
Source
Copyright
Collections