Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211999 
Year of Publication: 
2005
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 1/2005
Publisher: 
Bank of Finland, Helsinki
Abstract: 
Wavelet analysis, although used extensively in disciplines such as signal processing, engineering, medical sciences, physics and astronomy, has not yet fully entered the economics discipline. In this discussion paper, wavelet analysis is introduced in an intuitive manner, and the existing economics and finance literature that utilises wavelets is explored. Extensive examples of exploratory wavelet analysis are given, many using Canadian, US and Finnish industrial production data. Finally, potential future applications for wavelet analysis in economics are also discussed and explored.
Subjects: 
statistical methodology
multiresolution analysis
wavelets
business cycles
economic growth
JEL: 
C19
C65
C87
E32
Persistent Identifier of the first edition: 
ISBN: 
952-462-189-4
Document Type: 
Working Paper

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