Dissecting the cycle: a methodological investigation

By D. Harding, A. Pagan. 2002

1,463 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7292e5904cc8749afb9bdffc37d1e2803bba8ef9

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Citations in the corpus

Do Debt Service Costs Affect Macroeconomic and Financial Stability (2012, methodology): “We therefore use the computerised algorithm suggested by Harding and Pagan (2002).”
Ontology-based sentiment analysis of twitter posts (2013, methodology): “For this purpose we employ the non-parametric Concordance Statistic (CS hereafter), as suggested by Harding and Pagan (2002), which evaluates the degree of synchronization among the three alternative selection methods (mj with j = 1,2,3).”
Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015 (2016, methodology): “…of 132 capital importers for which we construct capital account data since 1980.4 B. Defining the Cycles and Episodes: 1815–2015 Harding and Pagan (2002) provide a persuasive case for a simple and mechanical scheme to date turning points in business cycles which we apply to the capital…”
Emergent Macroeconomics: An Agent-Based Approach to Business Fluctuations (2008, neutral): “18 This measure corresponds to the slope of the hypotenuse of the triangle approximation to the cumulative movement during a business cycle phase as discussed in Harding and Pagan (2002).”
Business Cycle Phases in U.S. States (2003, neutral): “Harding and Pagan (2002) provide a modern example of aggregate business cycle analysis from Burns and Mitchell’s perspective.”
Do european business cycles look like one (2008, methodology): “For this attempt, we adapt the stationary bootstrap method proposed by Politis and Romano (1994) to the analysis of the business cycle characteristics that are described in Harding and Pagan (2002a).”
How Long Do Housing Cycles Last? A Duration Analysis for 19 OECD Countries (2011, methodology): “Harding and Pagan (2002) choose q = 2 for U.”
Growth Dynamics: The Myth of Economic Recovery (2005, neutral): “8 See Morsink, Helbling, and Tokarick (2002) for use of a similar dating algorithm and Harding and Pagan (2002) for generalizations to quarterly and monthly data.”
Inflation and Activity - Two Explorations and Their Monetary Policy Implications (2015, methodology): “We define recessions using the methodology of Harding and Pagan (2002). Roughly speaking, the method identifies peaks and troughs as local maxima and minima in the log level real GDP series, and, with some exceptions, defines recessions as times between a peak and a trough, for example t0 and t1 in ”
Global Waves of Debt: Causes and Consequences (2021, methodology): “A period of debt accumulation is identified with the algorithm in Harding and Pagan (2002). When a change in debt-to-GDP ratios over an accumulation period is above the maximum of 10-year moving standard deviation of the ratios during the period, it is considered as a rapid debt accumulation.”
Fiscal Multipliers and the State of the Economy (2012, neutral): “Business cycles are often found to be shorter when one uses the GDP growth rates (Harding and Pagan, 2002).4 4 As a robustness check, we also perform the estimations using output growth as a threshold variable.”
Will business cycles in the Euro Area converge: a critical survey of empirical research (2008, methodology): “…the dynamic correlation measure of Croux et al. (2001), the phase-adjusted correlations of Koopman and Azevedo (2003) and the concordance index of Harding and Pagan (2002).13 The dynamic correlation measure of Croux et al. (2001) is defined as the cospectrum between two series over the product…”
Trends and Cycles in the Euro Area: How Much Heterogeneity and Should We Worry About it? (2006, positive): “Figure 1: Euro Area Classical Reference Cycle and specific cycles in GDP for individual Euro Countries (Source: Harding and Pagan (2004))”
Global House Price Fluctuations: Synchronization and Determinants (2012, neutral): “In addition to simple correlation statistics, we study the degree of synchronization of house prices across countries using the concordance index developed by Harding and Pagan (2002b).”
The Asymmetric Business Cycle (2012, background): “By considering a broader set of models, we aim to get EM[ytþj|Xt] as close as possible to E[ytþj|Xt].”