Ritschl, Albrecht; Sarferaz, Samad; Uebele, Martin - 2008
This paper presents insights on U.S. business cycle volatility since 1867 de- rived from diffusion indices. We employ a … estimates broadly confirm the NBER historical business cycle chronology as well the National Income and Product Accounts, except … for World War II where they support alternative estimates of Kuznets (1952). -- U.S. business cycle ; volatility ; dynamic …