years, respectively. Keywords: Productivity, Business Cycles, Structural Time Series Models, Unobserved Components …) component and an irregular (or temporary) component. Consequently, structural time series models are nothing more than … (3.6) are the most important formulations of structural time series models that exhibit cyclical process. 4 …

.Finally, the flexibility of structural time series models is illustrated by presenting a mul-tivariate analysis that provides some …

particular, structural time series models are considered as an alternative to the Box-Jenkins ARIMA models that form the standard …. Finally, the flexibility of structural time series models is illustrated by presenting a mul- tivariate analysis that provides …

.Finally, the flexibility of structural time series models is illustrated by presenting a mul-tivariate analysis that provides some …

.Finally, the flexibility of structural time series models is illustrated by presenting a mul-tivariate analysis that provides some …

government debt, and disentangling the components of the debt series using Structural Time Series Models, we are able to conclude …