Recessions and recoveries in New Zealand's post-Second World War business cycles

Autor:	Viv Hall, C. John McDermott
Rok vydání:	2016
Předmět:	media_common.quotation_subject Keynesian economics 05 social sciences World War II Recession First world war Term (time) Real gross domestic product 0502 economics and business Economics Business cycle 050207 economics General Economics Econometrics and Finance 050205 econometrics media_common
Zdroj:	New Zealand Economic Papers. 50:261-280
ISSN:	1943-4863 0077-9954
DOI:	10.1080/00779954.2015.1129358
Popis:	We present preferred classical business cycle turning points for New Zealand's post-Second World War economy, using the Bry-Broshan dating algorithm on a long term quarterly time series of real GDP. From these, we identify nine recessions and their associated recovery paths for a period approaching 70 years and provide evidence on their key characteristics. Two key specific findings are as follows: (1) on average, real GDP and employment cycles have been associated around 90 per cent of the time and (2) the strength of New Zealand's business cycle recoveries has been independent of the depth, duration, or severity of the preceding recession.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7dcd6a84dd09addc541ff65e00519288 https://doi.org/10.1080/00779954.2015.1129358 Zobrazit plný text záznamu