Estimating the permanent and transitory components of the U.K business cycle
We estimate a model that incorporates two key features of business cycles, comovement among economic variables and switching between regimes of boom and slump, to quarterly U.K. data for the last four decades. Common permanent and transitory factors, interpreted as composite indicators of coincident...
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| Main Authors: | , |
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| Format: | Default Preprint |
| Published: |
2001
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/727 |
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