Summary This paper is intended to explore a new way of analyzing macroeconomic datasets. For a dataset of twenty-one West German variables a common-trends-common-cycle representation is aimed at which allows for a multivariate Beveridge-Nelson decomposition of the data. However, standard F-tests...

Summary The time series properties of German GDP have been re-examined in recent research. Extending the sample to include GDP data from 1950 onwards, some researchers argued in favor of a trend-stationary rather than difference stationary representation of real log GDP. I show that this...