Detail publikace

An alternative approach to the dating of business cycle: nonparametric kernel estimation

POMĚNKOVÁ, J.

Originální název

An alternative approach to the dating of business cycle: nonparametric kernel estimation

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

The paper provides the methodological background for the Czech Republic business cycle dating process using an alternative approach. This approach is based on the mathematical principle of identification of extremes using estimates of derivations of time trend of the analysed time series, for which the nonparametric Gasser-Müller estimate is used. The presented methodological approach is applied on the real gross domestic product data sets, the total industry (excluding construction), the gross capital formation and the final consumption expenditure. The selected variables are taken from the national accounts system. The obtained results are compared to the widely used naive technique of business cycle dating written by Canova (1998, 1999) or Bonenkamp (2001). The presented new method specifies the identification of turning points in the business cycle dating process.

Klíčová slova

Gasser-Müllerův odhad, hospodářský cyklus, body zvratu

Autoři

POMĚNKOVÁ, J.

Vydáno

1. 9. 2010

Místo

Praha

ISSN

12100455-

Periodikum

Prague Economic Papers

Ročník

3

Číslo

1

Stát

Česká republika

Strany od

251

Strany do

272

Strany počet

22

URL

https://pep.vse.cz/pdfs/pep/2010/03/04.pdf

BibTex

@article{BUT149172,
  author="Jitka {Poměnková}",
  title="An alternative approach to the dating of business cycle: nonparametric kernel estimation",
  journal="Prague Economic Papers",
  year="2010",
  volume="3",
  number="1",
  pages="251--272",
  doi="10.18267/j.pep.375",
  issn="12100455-",
  url="https://pep.vse.cz/pdfs/pep/2010/03/04.pdf"
}