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Concordance in Business Cycles / C. McDermott, Alasdair Scott.
- Format:
- Book
- Government document
- Author/Creator:
- McDermott, C.
- Series:
- IMF Working Papers; Working Paper ; No. 2000/037
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (31 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2000.
- Language Note:
- English
- Summary:
- We study the properties of a test that determines whether two time series comove. The test computes a simple nonparametric statistic for “concordance,” which describes the proportion of time that the cycles of two series spend in the same phase. We establish the size and power properties of this test. As an illustration, the procedures are applied to output series from selected major industrial countries. We find limited evidence of widespread concordance for these countries.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613788030
- 9781462359134
- 1462359132
- 9781452741208
- 1452741204
- 9781281607324
- 1281607320
- 9781451893007
- 1451893000
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