Publication:
Model based measures of contemporaneous economic growth

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorEspasa, Antoni
dc.contributor.authorCancelo, José Ramón
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2008-08-19T08:26:54Z
dc.date.available2008-08-19T08:26:54Z
dc.date.issued1991-07
dc.description.abstractIn short term economic reports the use of different growth rate measures is misleading. This paper studies the question of using an unique measure -underlying growth-, which should be smoothed and in phase with the monthly increments of the corresponding variable. All possible solutions require the use of forecasts at the end of the sample. The paper proposes the use of models to obtain forecasts¡ then the contemporaneous underlying growth is a model based measure. An evaluation of the effects of the last innovations in the underlying growth can be obtained by comparing its last estimation with previous one. An example of its application, based on inflation analysis, is presented.
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.urihttp://hdl.handle.net/10016/2809
dc.language.isoeng
dc.relation.ispartofseriesWorking Papers
dc.relation.ispartofseries1991-22
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.otherShort Terro Economic Analysis
dc.subject.otherSignal Extraction
dc.subject.otherInflation
dc.subject.otherTrend
dc.subject.otherEconomic Forecating
dc.titleModel based measures of contemporaneous economic growth
dc.typeworking paper*
dspace.entity.typePublication
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