01734cas a2200325 a 4500 AALejournalIMF001185 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845563 1018-5941 BD-DhAAL BD-DhAAL McDermott, C. Concordance in Business Cycles / C. McDermott, Alasdair Scott. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Bar Code imf Concordance Statistic imf Random Walk imf Standard Error imf WP imf United States imf Scott, Alasdair. IMF Working Papers; Working Paper ; No. 2000/037 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/037/001.2000.issue-037-en.xml IMF e-Library