This paper examines the empirical relationship in the postwar United States between the aggregate business cycle and various aspects of the macroeconomy, such as production, interest rates, prices, productivity, sectoral employment, investment, income, and consumption. This is done by examining...

This paper catalogs the business cycle properties of 163 monthly U.S. economic time series over the three decades from 1959 through 1988. Two general sets of summary statistics are reported. The first set measures the comovement of each individual time series with a reference series representing...

From 1960-1983, the standard deviation of annual growth rates in real GDP in the United States was 2.7%. From 1984-2001, the corresponding standard deviation was 1.6%. This paper investigates this large drop in the cyclical volatility OF real economic.activity. The paper has two objectives. The...

This paper examines old and new evidence on the predictive performance of asset prices for inflation and real output growth. We first review the large literature on this topic, focusing on the past dozen years. We then undertake an empirical analysis of quarterly data on up to 38 candidate...

The volatility of economic activity in most G7 economies has moderated over the past forty years. Also, despite large increases in trade and openness, G7 business cycles have not become more synchronized. After documenting these twin facts, we interpret G7 output data using a structural VAR that...

Instructional dataset, accompanying Introduction to Econometrics, James H. Stock and Mark W. Watson, Pearson Education, Inc. (c) 2003. Data on 180 economics journals for the year 2000 with 180 observations.

Instructional dataset, accompanying Introduction to Econometrics, James H. Stock and Mark W. Watson, Pearson Education, Inc. (c) 2003. Macroeconomic time series data for the United States and Japanese real GDP.

Instructional dataset, accompanying Introduction to Econometrics, James H. Stock and Mark W. Watson, Pearson Education, Inc. (c) 2003. The Current Population survey (CPS) provides data on labor force characteristics of the population, 1992-1998. 11130 observations.