Page - 182 - in The Austrian Business Cycle in the European Context

182 Figure A I d: Bry-Boschan turning points for different regions of BK filtered data Aumla: grou value added excl. agrlcullure ..... ,t----t-----t-------t---t---➔i---t---➔----+---i--:~--✓~ . • ... ·'·>----+---+---+---+-----,>------+---+----+--,<'l~~-----1 .... 1---->----+----+---lf---+----+----+---+;;-=·/,_----t---t---t 4 ,12 ·························· •.• ·l---+----+----+---t-----+----+----,0---.,----_-1----+-----+---< :::: - l·+-------t---•,--+--71-/- .. • ,54 •··················+··· ..................... •········---+---➔/-✓---lf----t---+-----+---1---l 4 ,52 l---+---+----+--1-1-J-,.-"'·-·+· --1-1---+---+---+---f----l .. . s ................... •·1---t----t--········:::J.·r~··· t 4 •• II ' .... ,,'-'-----+--1-1---+----l-----+----,f----+----l 4,41 ~-~-· .. · .. •··_····_·'"·_-...;_--+----+----+---<f----t----+---i : ~~: .. r-V -- --+' ---lf---->----+----+---lf----t----+---i 1-11171 3-1171 2-11111 1-111, 4-11111 3-1111 2-11112 1-11195 4-11117 3-2000 2-2003 Euro area: GDP excl. Germany and Aumla 1.02-:t===+===i:===F===t===+===i:===F===t===+==::;i;:;2~ ,_.,---- . ) .............. . ' ./ ...... / 5,11 5,118 _; 5,84 5,12 --t-----j----j------j---t-=?"A····l~---········1-'-__ -+---f-----+----l 5,1 ~ • .•• . ····-·.-.. -/-·t---1 -+--- 5 ,II ·t----t-----+---+---.,;1&---+-----t---+----+---1~---l----l 5,114 --t---·························~i~ ... - --t----+----t 5,82 ' .................. ~-" ················ .......... . 5 .• • ••. ,.·/'-'~··---t---t----+---- -_ -_ --+-+--_ -_ -_ --+----+----1---+----+----I 5, 71 "?"''···•/---t----+----+-----1---t----+----+----1---+---1 5 ,71 ,...==+-==-l-==-4==~~==-1--==4-==-4==--~==4-==-1-=---' 1-1171 3-1171 2-1111 1-1114 4-1111 3-1111 2-1182 1-1115 4-1117 3-2000 2-2003 Germany: grou value added excl. agdcullure 5 ·•• r-7--,--,--T--T--r--~l .. ~~~~:1=_~~~~~-:~:;.~=:.~1~~':.'J s .•• •······················t-----+----t········---if----t--- .................. . .... / 5,12 5 .• ,__ _ __, __ ··+----+----+----+----p-········· ~·t--·---ct----• -----t-----l 5.51 / 5 ,51 j .. , ~--+----+--->----+-----1---i 5 ,54 •---->----+----+----if--~/"···> -----;,-----t----+---+---t-----t 5.52 ~ 5 ,5 5 ,41 • ····················I················ .... +·············/········ikf-/ __ -+----+----lf---+----+----+---1------t 5,41 ··v~·--~- ---ar---•----+----t---t----+----+----1---+---I .... -·--~ 5,42 ·, ;,•"'----+----+---f----+----+---4---l----t----+--1----l 1·1171 3-1171 2-1111 1-1114 4-1111 3-1111 2-1112 t-1115 4-1117 3-2D00 2-2003 Source: Own calculations.