Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174123
Authors: 
Zhou, Peng
Year of Publication: 
2017
Series/Report no.: 
Cardiff Economics Working Papers E2017/1
Abstract: 
This paper proposes a new filter technique to separate trend and cycle based on stylised economic properties of trend and cycle, rather than relying on ad hoc statistical proper-ties such as frequency. Given the theoretical separation between economic growth and business cycle literature, it is necessary to make the measures of trend and cycle match what the respective theories intend to explain. The proposed filter is applied to the long macroeconomic data collected by the Bank of England (1700-2015).
Subjects: 
Filter
Trend
Cycle
JEL: 
C32
Document Type: 
Working Paper

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