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elaboration and test of a “modern” four-phase classification scheme for the United States and West Germany by Meyer …/Weinberg motivated the present authors to develop such a classification scheme for West Germany. Based on a kind of stylised facts it …
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This paper applies linear discriminant analysis to classify West German business cycles from 1955 to 1994 into a four phase scheme (upswing, downswing, and upper/lower turning point phases). It describes the scheme as well as the selection of the classifying variables, and presents...
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