Polzehl, Jörg; Spokoiny, Vladimir; Starica, Catalin - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2006
The paper develops a non-parametric, non-stationary framework for business-cycle dating based on an innovative … macroeconomic time series relevant to the dating of the business cycle as well as for the estimation of their joint dynamic. Since … the business cycle is defined as the common dynamic of some set of macroeconomic indicators, its estimation depends …