Do Mechanical Filters Provide a Good Approximation of Business Cycles?
Alain Guay () and
Pierre St-Amant ()
Technical Reports from Bank of Canada
In this paper, the authors examine how weel the Hodrick-Prescott filter (HP) and the band-pass filter recently proposed by Baxter and King (BK) extract the business-cycle component of macroeconomic time series.
Keywords: BUSINESS; CYCLES (search for similar items in EconPapers)
JEL-codes: E32 C22 (search for similar items in EconPapers)
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Working Paper: Do Mechanical Filters Provide a Good Approximation of Business Cycles? (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocatr:78
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