RDP 2014-01: Macroeconomic Consequences of Terms of Trade Episodes, Past and Present Appendix A: Dating the Terms of Trade
January 2014 – ISSN 1320-7229 (Print), ISSN 1448-5109 (Online)
- Download the Paper 630KB
Table A1 shows all the peaks and troughs of the terms of trade since 1870 identified by the BBQ algorithm.
Peaks | Troughs |
---|---|
1871:Q4 | 1877:Q4 |
1882:Q4 | 1894:Q4 |
1905:Q2 | 1911:Q2 |
1913:Q2 | 1922:Q2 |
1925:Q2 | 1931:Q2 |
1937:Q2 | 1944:Q2 |
1951:Q2 | 1967:Q3 |
1974:Q1 | 1978:Q4 |
1981:Q3 | 1986:Q4 |
1989:Q1 | 1993:Q4 |
2011:Q3 | |
Source: authors' calculation |