Discussion paper

DP1137 Classical Business Cycles for G7 and European Countries

This paper proposes classical business cycle turning points for a number of countries based on industrial production. The countries selected are the G7 together with most major European countries. This information enables us to examine the international nature of cyclical movements. In particular, we examine whether cyclical movements are similar across different countries and consider the lead/lag relationships between countries at peaks and troughs.


Artis, M, D Osborn and Z Kontolemis (1995), ‘DP1137 Classical Business Cycles for G7 and European Countries‘, CEPR Discussion Paper No. 1137. CEPR Press, Paris & London. https://cepr.org/publications/dp1137