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Constructing Coincident and Leading Indices of Economic Activity for the Brazilian Economy

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  • Issler, João Victor
  • Notini, Hilton Hostalacio
  • Rodrigues, Claudia Fontoura

Abstract

This paper has three original contributions. The first is the reconstructioneffort of the series of employment and income to allow the creation of a newcoincident index for the Brazilian economic activity. The second is the con-struction of a coincident index of the economic activity for Brazil, and fromit, (re) establish a chronology of recessions in the recent past of the Brazilianeconomy. The coincident index follows the methodology proposed by TCBand it covers the period 1980:1 to 2007:11. The third is the construction andevaluation of many leading indicators of economic activity for Brazil which fillsan important gap in the Brazilian Business Cycles literature.

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Bibliographic Info

Paper provided by FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil) in its series Economics Working Papers (Ensaios Economicos da EPGE) with number 694.

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Date of creation: 26 Jun 2009
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Handle: RePEc:fgv:epgewp:694

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Cited by:
  1. Herman Kamil & Jose David Pulido & Jose Luis Torres, . "El "IMACO": un índice mensual líder de la actividad económica en Colombia," Borradores de Economia 609, Banco de la Republica de Colombia.
  2. Wong, Shirly Siew-Ling & Puah, Chin-Hong & Abu Mansor, Shazali & Liew, Venus Khim-Sen, 2012. "Early warning indicator of economic vulnerability," MPRA Paper 39944, University Library of Munich, Germany.
  3. Cravo, Túlio A., 2011. "Are small employers more cyclically sensitive? Evidence from Brazil," Journal of Macroeconomics, Elsevier, vol. 33(4), pages 754-769.
  4. Joao Victor Issler & Hilton Notini & Claudia Rodrigues & Ana Flávia Soares, 2013. "Constructing coincident indices of economic activity for the Latin American economy," Revista Brasileira de Economia, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 67(1), pages 67-96, April.

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