| Autor: |
Fredy Vásquez Bedoya,, Sergio Restrepo Ochoa |
| Jazyk: |
English<br />Spanish; Castilian |
| Rok vydání: |
2009 |
| Předmět: |
|
| Zdroj: |
Lecturas de Economía, Vol 71, Iss 71, Pp 43-76 (2009) |
| Druh dokumentu: |
article |
| ISSN: |
0120-2596 |
| Popis: |
This work uses the Hodrick and Prescott filter (HP), the Band-Pass filter (BP), and atheoretical decomposition (TD), to show how the cyclical regularities characterized by the modelof exogenous growth of King, Plosser and Rebelo (1988) depend on the filter technique used.This article exhibits statistically significant differences between properties of the cyclicalcomponents isolated with the HP, BP and TD filters; in particular between the HP and BP filters,which differs from the results of Canova (1998). It also shows that the TD filter technique is notconsistent with the definition of economic cycle given by the National Bureau of EconomicResearch (NBER). |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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