Fisher, Lance A; Otto, Glenn; Voss, Graham M - In: Australian Economic Papers 35 (1996) 67, pp. 300-320
This paper documents the post-war business cycle facts for Australia. The Hodrick-Prescott filter is used to remove the trend component from quarterly macroeconomic series. The business cycle facts we report are the volatilities of the cyclical (detrended) series and their cross correlations...