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Dating EU15 Monthly Business Cycle Jointly Using GDP and IPI

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Author Info
Monica Billio () (Department of Economics, University Of Venice Cà Foscari)
Massimiliano Caporin (Dipartimento di Scienze Economiche “Marco Fanno”, University of Padova)
Guido Cazzavillan (Department of Economics, University Of Venice Cà Foscari)

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Abstract

This paper aims at the production of a chronology for the EU15 business cycle by comparing parametric and non-parametric procedures on monthly and quarterly data as well in a combined approach. The main innovation is the joint use of the monthly series for the EU15 Gross Domestic Product (GDP) and the EU15 Industrial Production Index (IPI) from 1970 to 2003. The monthly IPI and the quarterly GDP at the EU15 level have been reconstructed starting from the available national series. The monthly GDP has then been computed using temporal disaggregation techniques. The obtained chronology is directly comparable to ones produced by several authors for the euro area.

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Publisher Info
Paper provided by University of Venice "Ca' Foscari", Department of Economics in its series Working Papers with number 2007_19.

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Length: 31
Date of creation: 2007
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Handle: RePEc:ven:wpaper:2007_19

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Related research
Keywords: Business cycle; Chronology; Historical reconstruction; Monthly GDP;

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Find related papers by JEL classification:
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data

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