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Type of publication: | Book / Working Paper |
Notes: | 44 pages Abstract: This paper shows how existing band-pass filtering techniques and their extension can be applied to the common current-analysis problem of estimating current trends or cycles. These techniques give estimates that are "optimal" given the available data, so their standard errors represent a lower bound on what can be achieved with other univariate techniques. Applications to the problems of estimating current trend productivity growth, core inflation, and output gaps are considered. |
Classification: | C1 - Econometric and Statistical Methods: General |
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Persistent link: https://www.econbiz.de/10005808333