TY - BOOK ID - 84538710 TI - Concordance in Business Cycles AU - McDermott, C. AU - Scott, Alasdair. PY - 2000 SN - 1462359132 1452741204 1281607320 9786613788030 1451893000 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Public Finance KW - Semiparametric and Nonparametric Methods KW - Business Fluctuations KW - Cycles KW - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) KW - National Government Expenditures and Related Policies: General KW - Economic growth KW - Public finance & taxation KW - Business cycles KW - Public expenditure review KW - Expenditure KW - Expenditures, Public KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84538710 AB - We study the properties of a test that determines whether two time series comove. The test computes a simple nonparametric statistic for “concordance,” which describes the proportion of time that the cycles of two series spend in the same phase. We establish the size and power properties of this test. As an illustration, the procedures are applied to output series from selected major industrial countries. We find limited evidence of widespread concordance for these countries. ER -