The coincident and the leading business cycle indicators for Poland
Autor: | Rafał Woźniak |
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Rok vydání: | 2011 |
Předmět: | |
Popis: | In the paper, two indicators, the coincident and the leading indicator, are proposed to represent the aggregated economic activity in Poland. The indicators are constructed with stochastic cycle and trend model. Not only does the presented approach solve the problem of existence of stochastic trends in the observed series, but it also allows to account for a different data span of each series in dataset. |
Databáze: | OpenAIRE |
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