Authors
Fabio Canova
Publication date
1998/5/20
Journal
Journal of monetary economics
Volume
41
Issue
3
Pages
475-512
Publisher
North-Holland
Description
This paper examines the business cycle properties of a small set of a real US macroeconomic time series using a variety of detrending methods. It is shown that both quantitatively and qualitatively ‘stylized facts’ of US business cycles vary widely across detrending methods and that alternative detrending filters extract different types of information from the data. Implications and suggestions for current macroeconomic practice are provided.
Total citations
Scholar articles
F Canova - Journal of monetary economics, 1998