Bueno, Cendejas; Luis, José; Muñoz, Félix; … - Departamento de Análisis Económico: Teoría … - 2015
Time series filtering methods such as the Hodrick-Prescott (HP) filter, with a consensual choice of the smoothing parameter, eliminate the possibility of identifying long swing cycles (e.g., Kondratieff type) or, alternatively, may distort periodicities that are in fact present in the data,...