论文信息 - Detrending and business cycle facts: A user's guide

Detrending and business cycle facts: A user's guide

This note argues that it is hardly the case that the profession is fully aware that the application of di⁄erent filters to the data leads to di⁄erent outcomes and that we have enough evidence to claim that these di⁄erences are unimportant to evaluate the fit models to the data. ( 1998 Elsevier Science B.V. All rights reserved. JEL classification: B41; E32

Fabio Canova | F. Canova

[1] G. Evans,et al. Information, forecasts and measurement of the business cycle , 1994 .

[2] Mark W. Watson,et al. Univariate detrending methods with stochastic trends , 1986 .

[3] C. Nelson,et al. A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the ‘business cycle’☆ , 1981 .

[4] Fabio Canova,et al. Does Detrending Matter for the Determination of the Reference Cycle and the Selection of Turning Points , 1999 .

[5] Mark W. Watson,et al. Money, Prices, Interest Rates and the Business Cycle , 1996 .

[6] James D. Hamilton. A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle , 1989 .

[7] Fabio Canova,et al. SENSITIVITY ANALYSIS AND MODEL EVALUATION IN SIMULATED DYNAMIC GENERAL EQUILIBRIUM ECONOMIES , 1995 .

[8] S. Fischer,et al. Lectures on Macroeconomics , 1972 .