Classification and Clustering in Business Cycle Analysis

The analysis of cyclical macroeconomic phenomena is an important field of econometric research. In the recent past, research interests have de-emphasized quantitative forecasting exercises and have addressed the qualitative diagnosis of the relative stance of the economy regarding »upswing«, »recess...

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Автори: Weihs, Claus, Heilemann, Ullrich
Формат: Online
Мова:Англійська
Опубліковано: Duncker & Humblot 2021
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Онлайн доступ:49065
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author Weihs, Claus
Heilemann, Ullrich
author_browse Heilemann, Ullrich
Weihs, Claus
author_facet Weihs, Claus
Heilemann, Ullrich
author_sort Weihs, Claus
collection Directory of Open Access Books
description The analysis of cyclical macroeconomic phenomena is an important field of econometric research. In the recent past, research interests have de-emphasized quantitative forecasting exercises and have addressed the qualitative diagnosis of the relative stance of the economy regarding »upswing«, »recession«, or »boom« periods, i. e. the classification of the state of the economy into a limited number of discrete states. In this context the principal challenge is to reduce the multifaceted and sometimes abundant quantitative information about the business cycle to such qualitative statements in an efficient way. For more than six years this task was the focus of the project »Multivariate determination and analysis of business cycles« within the SFB 475 »Reduction of complexity in multivariate data structures«, funded by the German Research Foundation (DFG). The necessity for complexity reduction is, of course, not unique to business cycle analysis but is studied in many fields and in a number of ways. This broad interest in the reduction of problem dimensionality and in the appropriate combination of data and of theory caused the RWI Essen and the Statistical Department of the University of Dortmund in January 2002 to hold a workshop at the RWI Essen where the findings of this and similar projects were presented and discussed. The present publication collects revised versions of the papers presented at this workshop. Although the workshop took place some five years ago, these papers mark an importent juncture in the development of business cycle research.
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spelling doab-20.500.12854ir-433362023-12-20T15:54:05Z Classification and Clustering in Business Cycle Analysis Weihs, Claus Heilemann, Ullrich HB1-3840 Makroökonomie Business Cycle Cluster bic Book Industry Communication::K Economics, finance, business & management The analysis of cyclical macroeconomic phenomena is an important field of econometric research. In the recent past, research interests have de-emphasized quantitative forecasting exercises and have addressed the qualitative diagnosis of the relative stance of the economy regarding »upswing«, »recession«, or »boom« periods, i. e. the classification of the state of the economy into a limited number of discrete states. In this context the principal challenge is to reduce the multifaceted and sometimes abundant quantitative information about the business cycle to such qualitative statements in an efficient way. For more than six years this task was the focus of the project »Multivariate determination and analysis of business cycles« within the SFB 475 »Reduction of complexity in multivariate data structures«, funded by the German Research Foundation (DFG). The necessity for complexity reduction is, of course, not unique to business cycle analysis but is studied in many fields and in a number of ways. This broad interest in the reduction of problem dimensionality and in the appropriate combination of data and of theory caused the RWI Essen and the Statistical Department of the University of Dortmund in January 2002 to hold a workshop at the RWI Essen where the findings of this and similar projects were presented and discussed. The present publication collects revised versions of the papers presented at this workshop. Although the workshop took place some five years ago, these papers mark an importent juncture in the development of business cycle research. 2021-02-11T09:58:43Z 2021-02-11T09:58:43Z 2020-10-07 11:52:35 2007 book 49065 9783428524259 https://directory.doabooks.org/handle/20.500.12854/43336 eng Schriften des Rheinisch-Westfälischen Instituts für Wirtschaftsforschung (RWI) image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://www.duncker-humblot.de/9783428524259 https://elibrary.duncker-humblot.com/publikation/b/id/31879/ Duncker & Humblot 10.3790/978-3-428-52425-9 10.3790/978-3-428-52425-9 65d50a8a-1a1d-48a7-b38f-f049cf105e5c 9783428524259 166 open access
spellingShingle HB1-3840
Makroökonomie
Business Cycle
Cluster
bic Book Industry Communication::K Economics, finance, business & management
Weihs, Claus
Heilemann, Ullrich
Classification and Clustering in Business Cycle Analysis
title Classification and Clustering in Business Cycle Analysis
title_full Classification and Clustering in Business Cycle Analysis
title_fullStr Classification and Clustering in Business Cycle Analysis
title_full_unstemmed Classification and Clustering in Business Cycle Analysis
title_short Classification and Clustering in Business Cycle Analysis
title_sort classification and clustering in business cycle analysis
topic HB1-3840
Makroökonomie
Business Cycle
Cluster
bic Book Industry Communication::K Economics, finance, business & management
topic_facet HB1-3840
Makroökonomie
Business Cycle
Cluster
bic Book Industry Communication::K Economics, finance, business & management
url 49065
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