The conventional treatment of seasonality in business cycle analysis: Does it create distortions?

Lawrence J. Christiano; Richard M. Todd

doi:10.1016/S0304-3932(01)00112-X

The conventional treatment of seasonality in business cycle analysis: Does it create distortions?

Lawrence J. Christiano, Richard M. Todd^*

^*Corresponding author for this work

Economics

Research output: Contribution to journal › Article › peer-review

10 Scopus citations

Abstract

'No'. So says one model that is broadly consistent with postwar U.S. seasonal and business cycle data.

Original language	English (US)
Pages (from-to)	335-364
Number of pages	30
Journal	Journal of Monetary Economics
Volume	49
Issue number	2
DOIs	https://doi.org/10.1016/S0304-3932(01)00112-X
State	Published - 2002

Funding

The authors thank R. Anton Braun, Martin Eichenbaum, Philip Franses, Eric Ghysels, Charles Plosser, Tom Sargent, Christopher Sims, Mark Watson, and an anonymous referee for helpful comments and discussions. The first author acknowledges the financial assistance of the National Science Foundation. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Banks of Chicago or Minneapolis or the Federal Reserve System.

Keywords

Business cycle
Seasonal adjustment
Seasonality

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/S0304-3932(01)00112-X

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title = "The conventional treatment of seasonality in business cycle analysis: Does it create distortions?",

abstract = "'No'. So says one model that is broadly consistent with postwar U.S. seasonal and business cycle data.",

keywords = "Business cycle, Seasonal adjustment, Seasonality",

author = "Christiano, {Lawrence J.} and Todd, {Richard M.}",

note = "Funding Information: The authors thank R. Anton Braun, Martin Eichenbaum, Philip Franses, Eric Ghysels, Charles Plosser, Tom Sargent, Christopher Sims, Mark Watson, and an anonymous referee for helpful comments and discussions. The first author acknowledges the financial assistance of the National Science Foundation. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Banks of Chicago or Minneapolis or the Federal Reserve System. Copyright: Copyright 2008 Elsevier B.V., All rights reserved.",

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doi = "10.1016/S0304-3932(01)00112-X",

language = "English (US)",

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T2 - Does it create distortions?

AU - Christiano, Lawrence J.

AU - Todd, Richard M.

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PY - 2002

Y1 - 2002

N2 - 'No'. So says one model that is broadly consistent with postwar U.S. seasonal and business cycle data.

AB - 'No'. So says one model that is broadly consistent with postwar U.S. seasonal and business cycle data.

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KW - Seasonal adjustment

KW - Seasonality

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The conventional treatment of seasonality in business cycle analysis: Does it create distortions?

Abstract

Funding

Keywords

ASJC Scopus subject areas

Access to Document

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