Siem Jan Koopman and Andre Lucas, "Business and Default Cycles for Credit Risk", Journal of Applied Econometrics, Vol. 20, No. 2, 2005, pp. 311-323. There are four files. They are ASCII foles in DOS format. All four files are zipped in the file kl-files.zip. Unix user should use "unzip -a". The details of the analysis reported in Table 1 are in the file CoCycleTable1.txt. The data are in the file DataTable1.txt. The details of the analysis reported in Table 2 are in the file CoCycleTable2.txt. The data are in the file DataTable2.txt. Siem Jan Koopman s.j.koopman [AT] feweb.vu.nl Department of Econometrics. Free University Amsterdam De Boelelaan 1105 1081 HV Amsterdam Netherlands