When the economy grows or shrinks, we often focus on how long the phase lasts or how deep it goes. A new paper asks a sharper question: How does actual growth compare with steady, quarter-by-quarter growth over the same period? The authors, Viv Hall (Victoria University of Wellington), John McDermott (Motu Research) and Peter Thomson (Statistics Research Associates), develop three new measures that track the shape of each business cycle phase.
A new way to judge how the economy performs in booms and busts
The Owl Picks
-
Florida sits uncomfortably close to the top of every list nobody wants to lead: states where homes are most likely to harbor or develop mold. Recent analysis from Anderson Air, cross-referencing climate records, housing ages, [...]
-
The Dominican Republic is not just about stunning beaches; it’s full of unique places that reveal the country from a completely different perspective. If you’re staying in Punta Cana, you can easily turn your vacation [...]
-
Active Kinetic 1 technology is revolutionizing technology by providing a sustainable and efficient way to power various devices. This innovative tech harnesses natural sources of movement and transforms it into usable free electricity. How Does Active [...]
-
Back pain can be debilitating, affecting your ability to enjoy everyday activities. The good news is, you don’t have to rely solely on medications to find relief. At livingnwell.com, we believe in the power of [...]
-
One highlight of my Grade 3 life was dying from dysentery at the hands of a video game. I was ahead on schoolwork, and allowed to use the classroom computer to pioneer a family across [...]
