Gesellschaft für Informatik e.V.

Lecture Notes in Informatics

Informatik bewegt: Informatik 2002 - 32. Jahrestagung der Gesellschaft für Informatik e.v. (GI), 30. September - 3.Oktober 2002 in Dortmund. P-19, 787-792 (2002).

GI, Gesellschaft für Informatik, Bonn


Sigrid E. Schubert (ed.), Bernd Reusch (ed.), Norbert Jesse (ed.)

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Stability of multivariate representation of business cycles over time

Claus Weihs and Ursula Garczarek


In order to replace the univariate indicators standard in the literature (cp. [Opp96]) by a multivariate representation of business cycles, the relevant 'stylized facts' are to be identified which optimally characterize the development of business cycle phases. Based on statistical classification methods we found that, somewhat surprisingly, only two variables, 'wage and salary earners' and 'unit labor costs', are able to characterize the German business cycle not only the most stable over all subcycles but also with a quite reasonable error rate.

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GI, Gesellschaft für Informatik, Bonn
ISBN 3-88579-348-2

Last changed 04.10.2013 17:55:48