Dating the turning points and durations of business cycles has long been associated with NBER-type reference cycle indexes. More recently, such work has become additionally important for evaluating modern theoretical business cycle models and for analysing the time-varying characteristics of...

This paper examines sychronisation and volatility of the business cycles of Pacific Rim countries which are closely linked by trade. Close synchronisation is evident amongst groups of countries, but it is difficult to establish meaningful cycle synchronisation between countries outside these...

By international standards, New Zealand's recent business cycle fluctuations have been exceptionally volatile. Fluctuations in central government and private fixed investment expenditure, the real net exports share, the terms of trade, and interest rates have also been particularly volatile....