Krolzig, Hans-Martin - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 339-351
This paper addresses the issues of identification and dating of the Euro-zone business cycle by using the Markov-switching approach innovated by Hamilton in his analysis of the US business cycle. Regime shifts in the stochastic process of economic growth in the Euro-zone are identified by...
