Should we really care about Building Business Cycle Coincident Indicators

A.W. Hecq*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


Quite often, the goal of the game when developing new coincident indexes of the economic activity is the comparison with nber turning points. Using monte carlo simulations, this note illustrates that for the usa, any random linear combination of the four coincident variables would do the job as good as other more complicated methods.
Original languageEnglish
Pages (from-to)141-144
JournalApplied Economics Letters
Publication statusPublished - 1 Jan 2005

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