The Hodrick-Prescott technique: A smoother versus a filter: An application to New Zealand GDP

Economics Letters

Volumn 57, Issue 2, 1997, Pages 163-168

  Razzak, W ^a  

^a RESERVE BANK OF NEW ZEALAND   (New Zealand)

Author keywords

C63; E32; Filter; Hodrick Prescott; Phillips Curve; Smoother

Indexed keywords

EID: 0031555186     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1765(97)00178-x     Document Type: Article

References (6)

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2. Harvey, A.C., Jaeger, A., 1991. Detrending stylized facts, and the business cycle. Mimeo, London School of Economics, London.
3. Hodrick R., Prescott E.C. Post war business cycles: an empirical investigation. Journal of Money Credit and Banking. 29:1997;1-16.
4. Kettner K. Estimating potential output as a latent variable. Journal of Business and Economic Statistics. 12:1994;361-368.
5. King R., Rebelo S. Low frequency filtering and real business cycles. Journal of Economic Dynamics and Control. 17:1993;207-231.
6. Van Norden, S., 1995. Why is it so hard to measure the current output gap? Bank of Canada, Unpublished Manuscript. Presented at the Canadian Economics Association Meeting (1995) in Montreal.