Skip to main content
SpringerLink
Log in
Book cover

Business Cycles

An International Comparison of Stylized Facts in a Historical Perspective

  • Book
  • © 1997

Overview

Authors:
  1. Ulrich Woitek

    1. Seminar für Wirtschaftsgeschichte, SEMECON, Universität München, München, Germany

    View author publications

    You can also search for this author in PubMed   Google Scholar

Part of the book series: Contributions to Economics (CE)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (5 chapters)

  1. Front Matter

    Pages i-x
    Download chapter PDF

  2. Introduction

    1. Introduction

      • Ulrich Woitek
      Pages 1-6

  3. The Methodology

    1. Front Matter

      Pages 7-7
      Download chapter PDF

    2. Illustrating the Methodology: The Case of Germany

      • Ulrich Woitek
      Pages 9-57

    3. Spectral Analysis

      • Ulrich Woitek
      Pages 59-76

  4. Empirical Results

    1. Front Matter

      Pages 77-77
      Download chapter PDF

    2. Business Cycle Stylized Facts in the OECD Countries

      • Ulrich Woitek
      Pages 79-128

    3. Conclusion

      • Ulrich Woitek
      Pages 129-131

  5. Back Matter

    Pages 133-209
    Download chapter PDF
Back to top

Keywords

About this book

Subject is the description of unvariate and multivariate business cycle stylized facts. A spectral analysis method (Maximum Entropy spectral estimation) novel in the analysis of economic time series is described and utilized. The method turns out to be superior to widely used time domain methods and the "classical" spectral estimate, the periodogram. The results for eleven OECD countries confirm and extend the basic set of stylized facts of traditional business cycle theory. The changing characteristics of the business cycle are analyzed by comparing the cyclical structure for the postwar and the prewar period. The results show that business cycle is mainly due to investment fluctuations.

Authors and Affiliations

  • Seminar für Wirtschaftsgeschichte, SEMECON, Universität München, München, Germany

    Ulrich Woitek

Bibliographic Information

  • Book Title: Business Cycles

  • Book Subtitle: An International Comparison of Stylized Facts in a Historical Perspective

  • Authors: Ulrich Woitek

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/978-3-642-48856-6

  • Publisher: Physica Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Physica-Verlag Heidelberg 1997

  • Softcover ISBN: 978-3-7908-0997-8Published: 16 April 1997

  • eBook ISBN: 978-3-642-48856-6Published: 06 December 2012

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: X, 209

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods

Publish with us

Policies and ethics

Back to top

Search

Navigation