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Metrics and Turning Points of Cycles 1660–2018

  • Nicholas DimsdaleEmail author
  • Ryland Thomas
Chapter

Abstract

This chapter provides a summary of business cycle metrics for the UK under the different statistical and algorithmic approaches discussed in Chapter  3 and the historical GDP data discussed in Chapter  4. The range of different business cycle metrics that can be derived from the available techniques is very wide. This highlights the need to assess these metrics in the context of the historical narrative of UK output fluctuations.

Keywords

Business cycle Classical cycles Growth cycles Impulse Propagation mechanism 

References

  1. Chadha, J., Lennard, J., & Thomas, R. (2019). Dating Business Cycles in the United Kingdom, 1700–2010. Mimeo.Google Scholar
  2. Hamilton, J. (1989). A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle. Econometrica, 57(2), 357–384.CrossRefGoogle Scholar
  3. Mitchell, J., Solomou, S., & Weale, M. (2012). Monthly GDP Estimates for Inter-War Britain. Explorations in Economic History, 49(4), 543–556.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.University of OxfordOxfordUK
  2. 2.Bank of EnglandLondonUK

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