type="main" xml:lang="en" <title type="main">Abstract</title> <p>We propose an iterative decomposition that tests and accounts for multiple structural breaks in the mean, seasonality, dynamics and conditional volatility, while also accounting for outliers. Considering each component separately within each iteration leads to...</p>

This paper investigates the movement of manufacturing inventories and production over the business cycle to arrive at an asymmetric structural equilibrium-correction model. Initially cross-correlation coefficients and deepness and steepness tests for skewness are utilized to present descriptive...

We examine the patterns and determinants of business-cycle correlations among eleven UK regions and six euro-zone countries over the 1966-1997 period, using GMM to allow for sampling error in comparing estimated correlations. The British business cycle is found to be persistently out of phase...

We examine the ability of six labor market models to account for the business cycle behavior of UK labor markets when embedded in a stochastic growth model. We assess the models in terms of their ability to mimic general business cycle correlations and volatility, their success at explaining the...