An Economic Activity Index for Ireland: The Dynamic Single-Factor Method

Alan P Murphy
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Alan P Murphy: Central Bank and Financial Services Authority of Ireland

No 4/RT/05, Research Technical Papers from Central Bank of Ireland

Abstract: This paper estimates a coincident indicator of economic activity for Ireland using a dynamic single-factor model. The composite index is used to identify the peaks and troughs in Irish economic activity, and is capable of being updated on a timelier basis than estimates of GDP or GNP. The contribution of this paper is to provide an easily understood coincident index reflecting current economic activity in the Irish economy. This could be useful in helping policy makers and private agents to identify the peaks and troughs in Irish economic activity.

JEL-codes: C13 C43 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2005-09
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Citations: View citations in EconPapers (1)

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