A Spectral Analysis of Australia's Leading and Coincident Indexes of Cyclical Economic Growth

Using the methodology of the National Bureau of Economic Research, Boehm and Moore (1984) have recently constructed leading and coincident indexes of Australian cyclical economic growth. The present article examines the reliability of the leading index by investigating the coherence between these two measures of economic activity at different cycle-lengths using the technique of cross-spectral analysis. Copyright 1987 The University of Melbourne, Melbourne Institute of Applied Economic and Social Research.