Pedersen, Torben Mark; Elmer, Anne Marie - Økonomisk Institut, Københavns Universitet - 1998
estimated trend breaks using quarterly real GDP for14 OECD countries in the postwar period. We identify business cycle turning … points using a computer algorithm and estimate the timing, size, and character of trend breaks using a general intervention … model. We identify 34 trend break dates and 79 percent of these trend breaks occur at or near business cycle turning points …