On allocating the variance of output growth to trend and cycle components

On allocating the variance of output growth to trend and cycle components

Given any decomposition of real GNP into trend and cycle components, we describe a simple statistical procedure by which the proportions of the variance of GNP growth attributable to each of these components can be calculated.

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Veröffentlicht in:Economics letters 1989, Vol.30 (4), p.323-326
Hauptverfasser: Hall, Thomas E., Windsor Fields, T., Andrew Fields, M.
Format: Artikel
Sprache:eng
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Zusammenfassung:Given any decomposition of real GNP into trend and cycle components, we describe a simple statistical procedure by which the proportions of the variance of GNP growth attributable to each of these components can be calculated.
ISSN:0165-1765
1873-7374
DOI:10.1016/0165-1765(89)90086-4