About a Coincidente Index for the State of the Economy

Fabio H. Nieto and Luis Melo-Velandia

Borradores de Economia from Banco de la Republica de Colombia

Abstract: The construction of coincident indexes for the economic activity of a country is a common practice since the fifties. The methodologies vary from heuristic methods to probabilistic or statistical ones. In this paper, we present a new procedure for estimating a coincient index of the state of the economy which is optimum in a statiscal sense. This procedure is based on state space models that do possess the steady-state property.We apply our methodology for computing a coincident index for the Colombian economy.

Keywords: State of the economy; Coincidente Index; State Space Models. (search for similar items in EconPapers)
Date: 2001-12
New Economics Papers: this item is included in nep-ecm
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https://doi.org/10.32468/be.194 (application/pdf)

Related works:
Working Paper: About a Coincident Index for the State of the Economy (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:bdr:borrec:194

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