… of the business cycle; … historical macroeconomic cross-country experience is richer. An
important contribution of this paper is to introduce a new comprehensive macrofinancial historical …

… The business cycle is still identified in the macroeconomic literature with short-term
fluctuations, up to 8 years. Moreover, the relative importance and amplitude of the medium-term …

… the business cycle. Using a definition of turning points similar to many business cycle dating
… features of the business cycle against the backdrop of the financial cycle. The associations …

… macroeconomic variables, examining the extent to which the financial cycle is linked with the
business cycle… financial and business cycles, rather than the amplitudes of these cycles. We …

… Although mainly developed in the context of business cycle analysis, these filtering … from
an historical perspective. Taking the long-run view of the macrofinancial history approach and …

… business cycle. Monetary authorities in the industrial countries have generally been able
to follow easier policies than otherwise given the absence of inflationary pressures. Monetary …

… of macroeconomic fragility and crisis risk. Leverage is correlated with central business cycle
moments, which we can document thanks to a decade-long international and historical data …

… Relative to their business cycle counterparts, we show that financial cycles have a higher …
underlie these facts. Overall, our results suggest that macroeconomic stabilization and financial …

… Finally, following previous work that has shown clear links between credit and other business
cycle phenomena, we identify some of the boom's associated macroeconomic features. …