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RBA Glossary definition for business cycle

business cycle – The period between peaks or troughs of macroeconomic activity.

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Data and Estimation

31 Dec 2005 RDP 2005-07
Christian Gillitzer, Jonathan Kearns and Anthony Richards
RDP 2005-07: The Australian Business Cycle: A Coincident Indicator Approach 4. ... However, using a smaller panel may not necessarily lead to less accurate estimates of the business cycle.
https://www.rba.gov.au/publications/rdp/2005/2005-07/data-estimation.html

Coincident Indices and Factor Models

31 Dec 2005 RDP 2005-07
Christian Gillitzer, Jonathan Kearns and Anthony Richards
This common component would capture the business cycle – that is, the overall state of economic activity, which we would expect to be fairly persistent or slow moving and not noisy like ... These new methodologies that extract multiple common factors
https://www.rba.gov.au/publications/rdp/2005/2005-07/coincident-indices-factor-models.html

Appendix A: Composition of Data Panels

31 Dec 2005 RDP 2005-07
Christian Gillitzer, Jonathan Kearns and Anthony Richards
RDP 2005-07: The Australian Business Cycle: A Coincident Indicator Approach Appendix A: Composition of Data Panels. ... 1. 1960:Q3–2004:Q4. ο. ο. ο. General business situation expected: during next 6 mths net balance, nsa.
https://www.rba.gov.au/publications/rdp/2005/2005-07/appendix-a.html