About a Coincident Index for the State of the Economy

Fabio H. Nieto () and Luis Melo-Velandia

No 1938, Borradores de Economia from Banco de la Republica

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 coincident index of the state of the economy which is optimum in a statistical 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 (search for similar items in EconPapers)
Pages: 32
Date: 2001-12-31
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: About a Coincidente Index for the State of the Economy (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:col:000094:001938

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