This paper analyses the business cycle properties of 183 time series relevant to the Italian economy, including real, monetary and international variables. We propose new monthly coincident and leading composite indicators for the Italian business cycle; the leading indicator anticipates the turning points of the coincident indicator on average by six months.
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Paper provided by Banca Italia - Servizio di Studi in its series Papers with number
377.
Find related papers by JEL classification: C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs E2 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
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