The Use of Butterworth Filters for Trend and Cycle Estimation in Economic Time Series
- 1 July 2001
- journal article
- Published by Taylor & Francis in Journal of Business & Economic Statistics
- Vol. 19 (3) , 365-373
- https://doi.org/10.1198/073500101681019909
Abstract
Long-term trends and business cycles are usually estimated by applying the Hodrick and Prescott (HP) filter to X-11 seasonally adjusted data. A two-stage procedure is proposed in this article to im...Keywords
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