A comprehensive German business cycle chronology |
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Authors: | Beate Schirwitz |
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Affiliation: | (1) Department of Economics, University of Oregon, Eugene, USA; |
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Abstract: | Business cycle chronologies offer reference points for empirical studies used as benchmarks for business cycle and recession theory. A quasi-official chronology exists for the US economy, but not for most European countries, including Germany. While most papers dealing with business cycle dates rely on one specific method, I present and discuss a number of different dating approaches based on the classical business cycle. These are applied to German GDP data comprising 1970–2006. Finally, based on the results of the different methods, a consensus business cycle chronology for the German economy is suggested. |
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