Showing 11 - 20 of 1,394
This paper analyzes how the OECD revises potential output (PO) estimates after recessions. We show that downward revisions are substantial and mostly driven by supply shocks while PO estimates do not significantly react to demand shocks. In addition, revisions are partly caused by avoidable...
Persistent link: https://www.econbiz.de/10011798221
Trend extraction from time series is often performed by using the filter proposed by Leser (1961), also known as the …
Persistent link: https://www.econbiz.de/10003951479
In this paper, we describe a new trend analysis and forecasting method (Deflexor), which is intended to help inform … information, our model allows for the creation of specific tools for trend analysis in particular fields that are adaptable to …
Persistent link: https://www.econbiz.de/10012491187
Persistent link: https://www.econbiz.de/10009641034
parametric and non-parametric tests. Mostly, we cannot reject the trend stationarity hypothesis. There is no uniform trend on …
Persistent link: https://www.econbiz.de/10011151788
December 2001 and April 2002. The trend analysis showed a reduction in the SPI values that is a tendency towards drier … conditions, although the running trend approach, carried out only for the long-term SPI, revealed that this tendency is not …
Persistent link: https://www.econbiz.de/10011151794
decomposition of the GDP in its trend and cycle components, which overcomes the identification problems of models of unobserved … this analysis, we choose the UC-CN model, which presents a mixture of normals in the disturbances of the trend and cycle … component of output. The obtained trend clearly reflects the structural change undergone in the early 1990s. After a steep …
Persistent link: https://www.econbiz.de/10011151934
descriptive statistics, trend analysis and growth model. The study reveals that there were increasing trends of temperature values … and decreasing rainfall values in the state. But their projected future values witnessed an increasing trend. The …
Persistent link: https://www.econbiz.de/10011200693
A model of business cycles in which households do not have knowledge of the long-run growth of endogenous variables and continually learn about this growth is presented. The model features comovement and mutual reinforcement of households' growth expectations and market outcomes and suggests a...
Persistent link: https://www.econbiz.de/10011203023
In this paper, we propose a simple methodology for investigating how shocks to trend and cycle are correlated in … changing the identification restriction results in different trend and cycle estimates. …
Persistent link: https://www.econbiz.de/10009020175