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Classification and Clustering in Business Cycle Analysis.

Name: Classification and Clustering in Business Cycle Analysis.
Brand: Duncker & Humblot
SKU: 9783428124251
Price: 86.34 EUR
Availability: InStock

Автор: Ullrich Heilemann, Claus Weihs

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Корици: С меки корици

Издател: Duncker & Humblot

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The analysis of cyclical macroeconomic phenomena is an important field of econometric research. In t...

Информация за книгата

Автор

Ullrich Heilemann, Claus Weihs

Език

Немски език

Корици

Книга - С меки корици

Издадена

2007

страници

166

EAN

9783428124251

ISBN

3428124251

Enbook ID

01502890

Издател

Duncker & Humblot

Теглоt

278

Размери

165 x 240 x 12

Пълно описание

The analysis of cyclical macroeconomic phenomena is an important field of econometric research. In the recent past, research interests have de-emphasized quantitative forecasting exercises and have addressed the qualitative diagnosis of the relative stance of the economy regarding "upswing", "recession", or "boom" periods, i. e. the classification of the state of the economy into a limited number of discrete states. In this context the principal challenge is to reduce the multifaceted and sometimes abundant quantitative information about the business cycle to such qualitative statements in an efficient way. For more than six years this task was the focus of the project "Multivariate determination and analysis of business cycles" within the SFB 475 "Reduction of complexity in multivariate data structures", funded by the German Research Foundation (DFG).§The necessity for complexity reduction is, of course, not unique to business cycle analysis but is studied in many fields and in a number of ways. This broad interest in the reduction of problem dimensionality and in the appropriate combination of data and of theory caused the RWI Essen and the Statistical Department of the University of Dortmund in January 2002 to hold a workshop at the RWI Essen where the findings of this and similar projects were presented and discussed. The present publication collects revised versions of the papers presented at this workshop. Although the workshop took place some five years ago, these papers mark an importent juncture in the development of business cycle research.The analysis of cyclical macroeconomic phenomena is an important field of econometric research. In the recent past, research interests have de-emphasized quantitative forecasting exercises and have addressed the qualitative diagnosis of the relative stance of the economy regarding "upswing", "recession", or "boom" periods, i. e. the classification of the state of the economy into a limited number of discrete states. In this context the principal challenge is to reduce the multifaceted and sometimes abundant quantitative information about the business cycle to such qualitative statements in an efficient way. For more than six years this task was the focus of the project "Multivariate determination and analysis of business cycles" within the SFB 475 "Reduction of complexity in multivariate data structures", funded by the German Research Foundation (DFG).§The necessity for complexity reduction is, of course, not unique to business cycle analysis but is studied in many fields and in a number of ways. This broad interest in the reduction of problem dimensionality and in the appropriate combination of data and of theory caused the RWI Essen and the Statistical Department of the University of Dortmund in January 2002 to hold a workshop at the RWI Essen where the findings of this and similar projects were presented and discussed. The presentpublication collects revised versions of the papers presented at this workshop. Although the workshop took place some five years ago, these papers mark an importent juncture in the development of business cycle research.

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