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The IFO Business Climate is the most important indicator for the business cycle in Germany. In 1993 the connection …
Persistent link: https://www.econbiz.de/10013137883
Business cycle indicators are used to assess the economic situation of countries or regions. They are closely watched by the public, but are not easy to interpret. Does a current movement of the indicator signal a turning point or not? With the help of Markov Switching Models movements of...
Persistent link: https://www.econbiz.de/10013148053