Bentoglio, Guilhem; Fayolle, Jacky; Lemoine, Matthieu - Centre de recherche en Économie (OFCE), Sciences … - 2002
We apply uni- and multivariate unobserved components models to the study of European growth cycles. The multivariate dimension enables to search similar or, more strongly, common components among national GDP series (quarterly data from 1960 to 1999). Three successive ways to exhibit the...