Filippo Altissimo (Bank of Italy, Research Department) Domenico J. Marchetti () (Bank of Italy, Research Department) Gian Paolo Oneto (ISTAT)
Abstract
This paper analyses the business cycle properties of 183 time series relevant to the Italian economy. We propose new monthly coincident and leading composite indicators for the Italian business cycle. On the methodological side, the study follows a schema for constructing cyclical indicators on a sound statistical basis, combining the use of traditional NBER methods with that of more recent techniques of cyclical analysis: A number of stylized facts of the Italian business cycle emerge. Among them, money and financial variables are found to lead the cycle, chronologically, by at least one year. US and UK cycles lead the Italian cycle by two to three quarters.
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Volume (Year): 59 (2000) Issue (Month): 2 (September) Pages: 147-220 Download reference. The following formats are available: HTML,
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Handle: RePEc:gde:journl:gde_v59_n2_p147-220
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Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
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