IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Aggregate Indicators of Economic Activity for Argentina: The Principal Components Method

  • Pedro Elosegui

    (Central Bank of Argentina)

  • Lorena Garegnani

    ()

    (Central Bank of Argentina)

  • Emilio Blanco

    ()

    (Central Bank of Argentina)

The principal components methodology allows us to summarize the relevant information of a series of economic indicators. In this paper, this methodology is used on series commonly used by the BCRA to follow up aggregate demand and supply conditions. The principal components are assessed in terms of their correlation with the economic activity level and the price index evolution. In general, they have been found to be leading indicators of the business cycle (2 to 6 months) and significant predictors of the inflation rate. In particular, the performance of a demand indicator based on real time data (information available with a quarter lag) is especially outlined.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.bcra.gov.ar/pdfs/investigaciones/WP%202008%2032.pdf
File Function: Spanish version (versión en Español)
Download Restriction: no

Paper provided by Central Bank of Argentina, Economic Research Department in its series BCRA Working Paper Series with number 200832.

as
in new window

Length: 24 pages
Date of creation: Feb 2008
Date of revision:
Handle: RePEc:bcr:wpaper:200832
Contact details of provider: Postal: Reconquista 266 - C1003ABF - Buenos Aires
Phone: (54-11) 4348-3582
Fax: (54-11) 4000-1257
Web page: http://www.bcra.gov.ar
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:bcr:wpaper:200832. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Federico Grillo)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.