Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Business cycle clocks: Time to get circular.

Nuno Lourenço1, António Rua1,2

  • 1Banco de Portugal, Lisbon, Portugal.

Empirical Economics
|June 26, 2023
PubMed
Summary
This summary is machine-generated.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

A Rare Cause of Vitamin B12 Deficiency in the Pediatric Age.

Cureus·2024
Same author

Changing face of socio-economic vulnerability and COVID-19: An analysis of country wealth during the first two years of the pandemic.

PloS one·2023
Same author

The Daily Economic Indicator: tracking economic activity daily during the lockdown.

Economic modelling·2022
Same author

Editorial Introduction.

Genetic programming and evolvable machines·2022
Same author

Multivariate Analysis of Risk Factors of the COVID-19 Pandemic in the Community of Madrid, Spain.

International journal of environmental research and public health·2021
Same author

Early Cardiac Mitochondrial Molecular and Functional Responses to Acute Anthracycline Treatment in Wistar Rats.

Toxicological sciences : an official journal of the Society of Toxicology·2019

This study introduces a novel circular business cycle clock using advanced statistics. The method accurately identifies business cycle stages, including peaks and troughs, across major euro area economies.

Area of Science:

  • Economics
  • Econometrics
  • Statistics

Background:

  • Assessing business cycle momentum is crucial for policymakers and private sector decision-making.
  • Business cycle clocks are widely used by institutions to visualize the current economic phase.
  • Existing methods may not fully leverage data-rich environments for precise cycle assessment.

Purpose of the Study:

  • To propose a novel approach for constructing business cycle clocks utilizing circular statistics.
  • To enhance the depiction of the current business cycle stage in a data-rich context.
  • To validate the proposed method's effectiveness in identifying business cycle turning points.

Main Methods:

  • Application of circular statistics to model business cycle dynamics.
  • Development of a data-rich business cycle clock methodology.
Keywords:
Business cycle clockCircular statisticsPeaksTroughs

Related Experiment Videos

  • Empirical analysis using a comprehensive dataset for main euro area countries over three decades.

    • Main Results:

    • The circular business cycle clock effectively captures the current stage of the business cycle.
    • The method accurately identifies key business cycle phases, including peaks and troughs.
    • Cross-country evidence supports the robustness and usefulness of the proposed approach.

    Conclusions:

    • The circular business cycle clock offers a valuable tool for monitoring economic activity.
    • This novel approach provides enhanced insights into business cycle dynamics for euro area economies.
    • The findings underscore the utility of advanced statistical methods in economic analysis.