Abberger, Klaus; Nierhaus, Wolfgang - In: OECD Journal: Journal of Business Cycle Measurement and … 2010 (2010) 2, pp. 1-13
Business cycle indicators are used to assess the economic situation of countries or regions. They are closely watched by the public, but are not easy to interpret. Does a current movement of the indicator signal a turning point or not? With the help of Markov Switching Models movements of...