Gavin, William T. (contributor); … - 2008 - Rev.
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 …
Factor Models,” Journal of Business and Economic Statistics 25(1), 52-60.
Bai, Jushan, and Serena Ng. (2007b …