An Automatic Algorithm to Date the Reference Cycle of the Spanish Economy

An Automatic Algorithm to Date the Reference Cycle of the Spanish Economy

This paper provides an accurate chronology of the Spanish reference business cycle adapting a multiple change-point model. In that approach, each combination of peaks and troughs dated in a set of economic indicators is assumed to be a realization of a mixture of bivariate Gaussian distributions, wh...

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Bibliographic Details
Main Authors: Maximo Camacho, María Dolores Gadea, Ana Gómez-Loscos
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Mathematics
Subjects:
business cycles
turning points
finite mixture models
Spain
Online Access:https://www.mdpi.com/2227-7390/9/18/2241

Internet

https://www.mdpi.com/2227-7390/9/18/2241

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