Search results for " simetría Business cycle"

Are business cycles asymmetric? Some European evidence

1997

Economic thought has ofien regal'ded business cycles as asymmetric. This papel' examines the existence of asymmetries over the business cycle in three European countries: France, Germany and the United Kingdom. To analyze this issue, industrial production in these countries from 1957 to 1994 is examined, and quarterly contractions and expansions in this variable are compared. The results obtained with both parametric and nonparametric methods allow the existence of asymmetries in these countries to be questioned. El pensamiento económico ha considerado frecuentemente que los ciclos económicos son de naturaleza asimétrica. Este trabajo examina la existencia de asimetrías en los ciclos económ…