Inklaar, Robert; Jacobs, Jan; Romp, Ward - In: Journal of Business Cycle Measurement and Analysis 2004 (2004) 3, pp. 309-336
discusses two methods for constructing business cycle indexes, the traditional NBER method and a recently developed dynamic … development in the near future. This paper discusses two methods for constructing business cycle indexes, the traditional NBER … method and a recently developed dynamic factor model, and compares these methods for the euro area. The results suggest that …