Gavin, William T.; Kliesen, Kevin L. - Federal Reserve Bank of St. Louis - 2006
news about these time
series informs us about the short-term stage of the business cycle and expected long-run
trends for …
of the business cycle using dynamic factor methods.
2
Stock and Watson (2002) also use
this statistical model to make … Economics and Statistics 86(3):824-32.
Bai, Jushan, and Serena Ng. (2007a) “Determining the Number of Primitive Shocks in …