Working Papers in full text
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
All
Other research-related activities and publications of the IMF can be found at IMF Research
|
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
|
|
|
|
Key Features of Australian Business Cycles
|
Author/Editor: |
Cashin, Paul | Ouliaris, Sam |
| Authorized for Distribution: |
November 1, 2001 |
|
Electronic Access: |
Free Full Text (PDF file size is 1,022KB)
Use the free Adobe Acrobat Reader to view this PDF file.
|
|
|
|
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
|
|
Summary: This paper identifies and describes the key features of Australian business cycles during 1959-2000. In particular, we identify the chronologies in Australia's classical cycle (expansions and contractions in the level of output) and growth cycle (periods of above-trend and below-trend rates of economic growth). We find that while there are large asymmetries in the duration and amplitude of phases in Australia's classical cycle, on both measures the Australian growth cycle is much more symmetric. Further, our results indicate that over the sample period Australian (filtered) output and prices have moved in a counter-cyclical fashion, suggesting a dominance of shocks to aggregate supply affecting the Australian economy.
|
|
|
|
Series: |
Working Paper No. 01/171 |
|
Subject(s): |
Business cycles | Australia |
|
Author's keyword(s): |
business cycles
| duration dependence
| Australia
|
|
|
|
|
| |
Published: |
|
November 1, 2001 |
|
|
|
|
| |
ISBN/ISSN: |
|
1934-7073 |
|
Format: |
|
Paper |
| |
Stock No: |
|
WPIEA1712001 |
|
Pages: |
|
30 |
| |
Price: |
|
US$15.00
|
|
|
|
|
|
| |
|
|
|
Price Delivery Note: |
Prepayment required for individual copies. An annual subscription is $375.00 a year. It includes 12 monthly shipments and priority mail delivery. The Stock No. for the subscription is WPEA. |
|
Please address any questions about this title to publications@imf.org.
|
|
