Barrell, R., J. Morgan ,J. Sefton and J. in't Veld, J. (1994), 'The cyclical adjustment of budget balances', National Institute of Economic and Social Research, Report Series No. 8.
2.
Barrell, R., N. Pain, and G. Young (1994), 'Structural differences in European labour markets' , in R. Barrell (ed.), The UK Labour Market: Comparative Aspects and Institutional Developments, Cambridge University Press.
3.
Beveridge, S. and C. Nelson (1981), 'A new approach to the decomposition of economic time series, into permanent and transitory components with particular attention to the business cycle', Journal of Monetary Economics , 7, pp. 151-174.
4.
Blanchard, O. and S. Fischer (1989), Lectures on Macroeconomics, MIT Press, Cambridge, US.
5.
Blanchard, O. and D. Quah (1989), 'The dynamic effects of aggregate supply and demand disturbances', American Economic Review , 79, pp. 655-73.
6.
Burns A. and W. Mitchell (1946), Measuring Business Cycles, New York: National Bureau of Economic Research.
7.
Campbell, J. and N. Mankiw (1987), 'Are output fluctuations transitory?', Quarterly Journal of Economics, 102, pp. 857-880.
8.
Chouraqui, J.C., R.P. Hagermann and N. Sartor (1990), 'Indicators of fiscal policy: a re-examination' , OECD Working Paper 70.
9.
Evans, G. and Reichlin, L. (1994), 'Information, forecasts, and measurement of the business cycle', Journal of Monetary Economics , April 33(2), pp. 233-54.
10.
Freidman, M. and A., Schwartz (1963), A Monetary History of the United States , 1867-1960, Princeton University Press.
11.
Giorno, C., P. Richardson, D. Roseveare and P. van den Noord (1995), 'Estimating potential output, output gaps and structural budget balances', Economics Department Working Paper No. 152, OECD.
12.
Harvey, A.C. and A. Jaeger (1993), 'Detrending, stylised facts and the business cycle'Journal of Applied Econometrics, 8, pp. 231-47.
13.
Hodrick, R. and E. Prescott (1980), 'Post-war US business cycles: an empirical investigation' , Carnegie-Mellon University, PA ., Working Paper.
14.
International Monetary Fund (1993), World Economic Outlook: October 1993, Washington D.C.
15.
International Monetary Fund (1994), World Economic Outlook: October 1994, Washington D.C.
16.
King, R.G., C.I. Plosser, J. Stock and M. Watson (1991), 'Stochastic trends and economic fluctuations' , American Economic Review, 81, pp. 819-839.
17.
King, R.G. and S. Rebelo (1993), 'Low frequency filtering and real business cycles' , Journal of Economics Dynamics and Control , 17, pp. 207-31.
18.
Maddison, A. (1982), Phases of Capitalist Development, Oxford University Press.
19.
McCallum, B. (1990), 'Real business cycle models', In R. Barro (ed.) Modern Business Cycle Theory, Basil Blackwell, 1990.
20.
Minford P., and J. Riley (1994), 'The UK labour market: micro rigidities and macro obstructions', in Barrell R (ed.), The UK Labour Market: Comparative Aspects and Institutional Developments, Cambridge University Press.
21.
Oecd (1994), Economic Outlook , OECD, December 1994.
22.
Romer P. (1990), 'Capital accumulation in the theory of long-run growth', in R. Barro (ed.) Modern Business Cycle Theory , BasilBlackwell, 1990.
23.
Watson, M.W. (1986), 'Univariate detrending methods with stochastic trends', Journal of Monetary Economics , 19, pp. 49-75.