This paper aims to estimate the neutral real interest rate of Brazilian economy, a variable that, despite not being explicitly observable, is extremely important in economic policy discussions. In order do so, after brief literature review and an exposition method used herein, estimations were performed via two different methods: Hodrick-Prescott filter structural VAR model. After these estimat...

This paper compares three models of the output gap in New Zealand – the Reserve Bank of New Zealand’s incumbent MV filter, estimates from a Structural VAR, and a multivariate unobserved components model – and investigates whether there are features that are consistent across the measures of the gap. Various detrending methods are used for benchmarking the output gap measures, including a linear...

This paper presents the results of research into construction and demolition (C&D) waste in Colombia. The data analyses are shown a local Latin American context. As situation Colombia is quite similar to that many developing countries worldwide, this its findings potentially applicable economies. Several factors were calculated compared order evaluate which best fit from We also included an...

An account is given of various filtering procedures that have been implemented in a computer program, which can be used in analysing econometric time series. The program provides some new filtering procedures that operate primarily in the frequency domain. Their advantage is that they are able to achieve clear separations of components of the data that reside in adjacent frequency bands in a wa...

The inverse dynamic analysis of biomechanical systems is corrupted by numerous sources of error that reduce its usefulness. The most important errors are the raw displacement differentiation and the kinematic inconsistency induced by skin motion. The first type of error is mainly due to the amplification of high-frequency low-amplitude noise introduced by the motion capture system when the raw ...

El objetivo del artículo fue analizar la resiliencia emprendimiento mexicano ante contextos de las crisis económicas 2020 y 2008. Se aplicó técnica descomposición ciclo tendencia Hodrick-Prescott sobre el producto interno bruto, con fin determinar periodo caída recuperación actividad económica. Además, se calcularon indicadores resistencia para grado resiliencia. Los resultados muestran que res...

In this paper, we estimate Okun’s coefficients for ten Canadian provinces using real GDP and unemployment rate data across the provinces. We obtain an average estimated Okun’s coefficient of –1.58 under the Hodrick-Prescott detrending method and –1.32 under the quadratic detrending method. There is relative stability of the coefficients across the two detrending methods. Generally, the cost of ...

We study the impact of alternative detrending techniques on the distributional properties of U.S. output time series. We detrend GDP and industrial production time series employing first-differencing, Hodrick-Prescott and bandpass filters. We show that the resulting distributions can be approximated by symmetric Exponential-Power densities, with tails fatter than those of a Gaussian. We also em...

Recently, Baxter and King (1995) developed a bandpass lter which overcomes to some extent the well known drawbacks of the Hodrick-Prescott lter. In this paper, the circumstances under which the Baxter-King lter is preferable are identi ed, and a modi cation is presented which takes into account spurious side lobes generated by this method. I am indebted to Brian A'Hearn, Markus Heintel, Jim Mal...