−15
−10
−5
0
5
−5
0
5
−5
0
5
−20
−10
0
10
−20
−10
0
10
1970
1980
1990
2000
2010
2020
0
2
4
6
8
HP cycle
BK cycle
CF cycle
Hamilton cycle
HP
BK
CF
Hamilton
Rolling vol HP_2s
Rolling vol HP_1s
Rolling vol BK
Rolling vol CF
Rolling vol Hamilton
FIGURE 2 - Comparison of cycles and volatility
HP cycle
Baxter-King cycle
Christiano-Fitzgerald cycle
Hamilton cycle
All cycles overlay
Rolling volatility of cycles
plotly-logomark