Measuring Business Cycles in Economic Time Series

Measuring Business Cycles in Economic Time Series lengths that could not be captured with univariate linear filters Exam ples of research in both directions can be found in Sims Lahiri and Moore Stock and Watson and Hamilton

  • Title: Measuring Business Cycles in Economic Time Series
  • Author: Regina Kaiser
  • ISBN: 9780387951126
  • Page: 109
  • Format: Paperback
  • lengths, that could not be captured with univariate linear filters Exam ples of research in both directions can be found in Sims 1977 , Lahiri and Moore 1991 , Stock and Watson 1993 , and Hamilton 1994 and 1989 Although the first approach is known to present serious limitations, the new and sophisticated methods developed in the second approach most notablylengths, that could not be captured with univariate linear filters Exam ples of research in both directions can be found in Sims 1977 , Lahiri and Moore 1991 , Stock and Watson 1993 , and Hamilton 1994 and 1989 Although the first approach is known to present serious limitations, the new and sophisticated methods developed in the second approach most notably, multivariate and nonlinear extensions are at an early stage, and have proved still unreliable, displaying poor behavior when moving away from the sample period Despite the fact that business cycle estimation is basic to the conduct of macroeconomic policy and to monitoring of the economy, many decades of attention have shown that formal modeling of economic cycles is a frustrating issue As Baxter and King 1999 point out, we still face at present the same basic question as did Burns and Mitchell fifty years ago how should one isolate the cyclical component of an eco nomic time series In particular, how should one separate business cycle elements from slowly evolving secular trends, and rapidly varying seasonal or irregular components Be that as it may, it is a fact that measuring in some way the busi ness cycle is an actual pressing need of economists, in particular of those related to the functioning of policy making agencies and institutions, and of applied macroeconomic research.

    • Best Read [Regina Kaiser] ↠ Measuring Business Cycles in Economic Time Series || [Business Book] PDF ✓
      109 Regina Kaiser
    • thumbnail Title: Best Read [Regina Kaiser] ↠ Measuring Business Cycles in Economic Time Series || [Business Book] PDF ✓
      Posted by:Regina Kaiser
      Published :2018-010-13T02:40:24+00:00

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