The Austrian Business Cycle in the European Context

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...

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Tác giả chính: Scheiblecker, Marcus
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Được phát hành: Peter Lang International Academic Publishers 2021
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author Scheiblecker, Marcus
author_browse Scheiblecker, Marcus
author_facet Scheiblecker, Marcus
author_sort Scheiblecker, Marcus
collection Directory of Open Access Books
description 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.
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spelling doab-20.500.12854ir-390322025-02-12T21:29:06Z The Austrian Business Cycle in the European Context Scheiblecker, Marcus Austrian Business Context Cycle European Geschichte 1976-2005 Konjunktur Konjunkturanalyse Konjunkturzyklus Österreich Scheiblecker thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy 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. 2021-02-10T12:58:18Z 2019-01-10 23:55 2018-12-01 23:55:55 2020-01-16 13:03:07 2020-04-01T11:25:16Z 2018 book 1003227 OCN: 1082947174 http://library.oapen.org/handle/20.500.12657/26818 9783631754580 https://directory.doabooks.org/handle/20.500.12854/39032 eng Forschungsergebnisse der Wirtschaftsuniversitaet Wien open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/26818/1/1003227.pdf https://library.oapen.org/bitstream/20.500.12657/26818/1/1003227.pdf https://library.oapen.org/bitstream/20.500.12657/26818/1/1003227.pdf https://library.oapen.org/bitstream/20.500.12657/26818/1/1003227.pdf https://library.oapen.org/bitstream/20.500.12657/26818/1/1003227.pdf Peter Lang International Academic Publishers 10.3726/b13975 10.3726/b13975 44a712f0-ee17-4c08-a667-46effed595e7 9783631754580 227 Bern open access
spellingShingle Austrian
Business
Context
Cycle
European
Geschichte 1976-2005
Konjunktur
Konjunkturanalyse
Konjunkturzyklus
Österreich
Scheiblecker
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
Scheiblecker, Marcus
The Austrian Business Cycle in the European Context
title The Austrian Business Cycle in the European Context
title_full The Austrian Business Cycle in the European Context
title_fullStr The Austrian Business Cycle in the European Context
title_full_unstemmed The Austrian Business Cycle in the European Context
title_short The Austrian Business Cycle in the European Context
title_sort austrian business cycle in the european context
topic Austrian
Business
Context
Cycle
European
Geschichte 1976-2005
Konjunktur
Konjunkturanalyse
Konjunkturzyklus
Österreich
Scheiblecker
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
topic_facet Austrian
Business
Context
Cycle
European
Geschichte 1976-2005
Konjunktur
Konjunkturanalyse
Konjunkturzyklus
Österreich
Scheiblecker
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCA Economic theory and philosophy
url 1003227
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