This paper describes business and growth rate cycles with special reference to the Indian economy. It uses the classical NBER approach to determine the timing of recessions and expansions in the Indian economy, as well as the chronology of growth rate cycles, viz., the timing of speedups and...

This work analyzes the predictive ability of some cyclical indices for the turning points of the Mexican economy. The growth cycle approach adopted requires working with detrended series, and so several detrending methods were tried. A double Hodrick-Prescott filter application produced the best...

Assessing the state of an economy is not an easy task and generally involves interpreting myriad and sometimes contradictory indicators. In 2007 the authors unveiled a dynamic common factor model, dubbed the D6 Factor, for the economy of the Sixth Federal Reserve District. This model combined...

In this paper we build a monthly Compound Coincident Indicator for the province of Cordoba (ICA-COR) corresponding to the period 1994-2006. Theoretical and empirical (national and international) evidence are used. We analyze quality indicators which belong to the ICA-COR, bringing additional...

This paper presents ideas and methods underlying the construction of an indicator that tracks euro area GDP growth but, unlike GDP growth, (i) is updated monthly and almost in real time, and (ii) is free from short-run dynamics. Removal of short-run dynamics from a time series to isolate the...