Metrics and Turning Points of Cycles 1660–2018
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.
KeywordsBusiness cycle Classical cycles Growth cycles Impulse Propagation mechanism
- Chadha, J., Lennard, J., & Thomas, R. (2019). Dating Business Cycles in the United Kingdom, 1700–2010. Mimeo.Google Scholar