around_the_globe

“Business Cycles around the Globe: Some Key Facts” database

The 2012 paper

The international distribution of main “business cycle facts”, HP filter, figures in pdf

The international distribution of main “business cycle facts”, FD, figures in pdf

The following statistics are reported:

GDP volatility (s_y)

Volatility of investment (relative to GDP volatility) (s_iy)

Volatility of investment (relative to GDP volatility) (s_cy)

Volatility of the net export ratio (relative to GDP volatility) (s_nxyy)

First autocorrelation coefficient of GDP (ac_y)

Contemporaneous correlation of the net export per GDP ratio and Y (c_nxyy)

Contemporaneous correlation of consumption and Y (c_cy)

Contemporaneous correlation of investment and Y (c_iy)

Contemporaneous correlation of total employment and Y (c_ly)

All the numeric results in a stata file

Region: grouping into 6, and a duplication of records with a grouping into ind/eme

Region2: industrial/emerging

av_xxx refers to the average by region 2 in case region is eme or ind; otherwise, it refers to the average by region

spec_xxx and spec2_xxx contain only the US, Canada, Mexico and Argentina

To obtain the raw data (60+ countries, 18 series), the filtered series, or the complete set of business cycle statistics (volatility, relative volatility, cont. correlation and persistence of all series), please contact us directly.