01984cas a2200325 a 4500 AALejournalIMF001752 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858501 1018-5941 BD-DhAAL BD-DhAAL Cashin, Paul. Key Features of Australian Business Cycles / Paul Cashin, Sam Ouliaris. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (30 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 This paper identifies and describes the key features of Australian business cycles during 1959-2000. In particular, we identify the chronologies in Australia's classical cycle (expansions and contractions in the level of output) and growth cycle (periods of above-trend and below-trend rates of economic growth). We find that while there are large asymmetries in the duration and amplitude of phases in Australia's classical cycle, on both measures the Australian growth cycle is much more symmetric. Further, our results indicate that over the sample period Australian (filtered) output and prices have moved in a counter-cyclical fashion, suggesting a dominance of shocks to aggregate supply affecting the Australian economy. Mode of access: Internet Growth Cycle imf Null Hypothesis imf Price Level imf Rank Correlation imf WP imf Australia imf Ouliaris, Sam. IMF Working Papers; Working Paper ; No. 2001/171 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/171/001.2001.issue-171-en.xml IMF e-Library