A leading index for the colombian economic activity

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Borradores de Economía; No. 243

Date published

2003-05-20

Date

2003-05-20

Authors

Melo-Velandia, Luis Fernando
Nieto, Fabio H.
Ramos-Veloza, Mario Andrés

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ISSN

ISBN

Document language

spa
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The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

Abstract

In this paper, we propose a methodology for calculating a leading index of the economic activity based on a modification of Stock and Watson’s (1989, 1991, 1992) approach. We use Kalman filter techniques for estimating the state space representation of th

Description

JEL Codes

C53 - Forecasting and Prediction Methods; Simulation Methods
C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Analysis
E32 - Business Fluctuations; Cycles

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Keywords

Keywords

Coincident indexes , Leading indexes , State space models

Citation

URI

https://repositorio.banrep.gov.co/handle/20.500.12134/5261
 https://hdl.handle.net/20.500.12134/5261
 https://ideas.repec.org/p/bdr/borrec/243.html
 https://doi.org/10.32468/be.243

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