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An Economic Activity Index for Ireland: The Dynamic Single-Factor Method

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Author Info
Murphy, Alan P (Central Bank and Financial Services Authority of Ireland)
Abstract

This paper estimates a coincident indicator of economic activity for Ireland using a dynamic single-factor model. The composite index is used to identify the peaks and troughs in Irish economic activity, and is capable of being updated on a timelier basis than estimates of GDP or GNP. The contribution of this paper is to provide an easily understood coincident index reflecting current economic activity in the Irish economy. This could be useful in helping policy makers and private agents to identify the peaks and troughs in Irish economic activity.

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File URL: http://www.centralbank.ie/data/TechPaperFiles/4RT05.pdf
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Publisher Info
Paper provided by Central Bank & Financial Services Authority of Ireland (CBFSAI) in its series Research Technical Papers with number 4/RT/05.

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Length: 23 pages
Date of creation: Sep 2005
Date of revision:
Handle: RePEc:cbi:wpaper:4/rt/05

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  1. Diebold, Francis X & Rudebusch, Glenn D, 1992. "Have Postwar Economic Fluctuations Been Stabilized?," American Economic Review, American Economic Association, vol. 82(4), pages 993-1005, September. [Downloadable!] (restricted)
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This page was last updated on 2009-12-3.

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