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Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series

Marianne Baxter; Robert G. King

University of Virginia

The Review of Economics and Statistics 1999 open access

Band-pass filters are useful in a wide range of economic contexts. This paper develops a set of approximate band-pass filters and illustrates their application to measuring the business-cycle component of macroeconomic activity. Detailed comparisons are made with several alternative filters commonly used for extracting business-cycle components.

DOI
10.1162/003465399558454
Volume
81 (4)
Pages
575-593
Language
en
Export
BibTeX
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