Glocker, Christian; Hölzl, Werner - In: WIFO Monatsberichte (monthly reports) 88 (2015) 3, pp. 175-183
The WIFO Business Cycle Survey serves as an important early-indication tool for the economic situation in Austria. Using a Markov regime-switching model, it is possible to determine at an early point in time whether the business cycle is in its upward or downward mode. Regime probabilities are...