Evidence of macroeconomic conditions impacting the earnings of men in Canada in a manner consistent with an implicit contracting framework is found using data from eleven cross-sectional surveys spanning the years 1981-1992. The estimates are similar to those found by Beaudry and DiNardo (1991)...

In this paper we contrast a number of univariate models of Canadian GDP. We find that non-linear models are prefered to linear models, and that the most recent recession in Canada was unique in both its length and in the slow speed of recovery. We also briefly explore the link between stages of...

This paper considers the extent to which fluctuations in Australian economic growth are affected by domestic and overseas economic performance. We investigate the performance of a range of non-linear models versus linear models using Bayes factors and posterior odds ratios. The posterior odds...

We address the question of whether asymmetry in the business cycle and asymmetry in the persistence of negative versus positive shocks characteries Australian output growth. Using nonlinear time series models we provide evidence that suggests Australian output growth is characterised by three...

The unemployment incidence of immigrant and non-immigrant men in Canada i scompared using eleven cross-sectional surveys spanning the years from 1982 to 1993.

The concepts of steepness and deepness are used to investigate the existence of asymmetries at the business cycle frequencies in a number of Australian macroeconomic time series. The results suggest that Australian macroeconomic variables do not display any detectable asymmetries at the business...

In the first section the authors discuss the nature of cyclical features and the distinction between the traditional analysis of co-movement discussed in the business cycles literature and the more recent common cycles analysis. Section 2 examines the nature of the data used in the estimation...

In this paper we examine the alternative detrending methods used to identify the stylised facts of the business cycle and develop a simple smoothing procedure that can be used to estimate the asymmetric cycles digested by an important class of macroeconomic models. To illustrate the properties...

This paper has as its subject matter the behaviour of state unemployment rates over time. Arguments are presented which suggest that the common approach which entails regressing state or regional rate of unemployment on the national rate is not likely to yield much useful knowledge. As a...

This working paper describes two well-known approaches to finding an approximate solution to a real business cycle model: solving a linear-quadratic approximation to a social planning problem; and solving a linearized version of the equilibrium conditions of the model.