About a Coincident Index for the State of the Economy
AbstractThe construction of coincident indexes for the economic activity of a country is a common practice since the fifties. The methodologies vary from heuristic methods to probabilistic or statistical ones. In this paper, we present a new procedure for estimating a coincident index of the state of the economy which is optimum in a statistical sense. This procedure is based on state space models that do possess the steady-state property. We apply our methodology for computing a coincident index for the Colombian economy.
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Bibliographic InfoPaper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 001938.
Date of creation: 31 Dec 2001
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- Fabio H. Nieto & Luis Fernando Melo, . "About a Coincidente Index for the State of the Economy," Borradores de Economia 194, Banco de la Republica de Colombia.
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