Is there a Business Cycle Component in Norwegian Macroeconomic Quarterly Time Series?

Terje Skjerpen

Discussion Papers from Statistics Norway, Research Department

Abstract: Some main Norwegian quarterly macroeconomic time series are decomposed into unobserved components within the framework of structural time series models using UCARIMA models. In the most general case we allow for a stationary cyclical component besides a stochastic trend, a stochastic seasonal and an irregular component. The cyclical component is either interpreted as a part of the trend component or as a component which is additive to the trend. For some of the investigated time series it is possible to extract business cycle component, but the the parameters characterizing it are not very presicely estimated and besides the component itself does not seem to be important.

Keywords: Business cycles; UCARIMA (search for similar items in EconPapers)
JEL-codes: C22 C51 E32 (search for similar items in EconPapers)
Date: 1995-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ssb.no/a/publikasjoner/pdf/DP/dp_140.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ssb:dispap:140

Access Statistics for this paper

More papers in Discussion Papers from Statistics Norway, Research Department P.O.Box 8131 Dep, N-0033 Oslo, Norway. Contact information at EDIRC.
Bibliographic data for series maintained by L Maasø (lma@ssb.no).