Concordance in Business Cycles /

We study the properties of a test that determines whether two time series comove. The test computes a simple nonparametric statistic for 'concordance,' which describes the proportion of time that the cycles of two series spend in the same phase. We establish the size and power properties o...

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Dettagli Bibliografici
Autore principale: McDermott, C.
Altri autori: Scott, Alasdair
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2000.
Serie:IMF Working Papers; Working Paper ; No. 2000/037
Soggetti:
Accesso online:Full text available on IMF