Work

The Cyclical Component in Brazilian GDP

Year: 1993

Type: article

Abstract: This paper presents an estimate of the cyclical component in Brazilian GDP obtained by allowing the trend component to follow a stochastic process. It also compares this estimate with a more naive one, obtained by forcing the trend to be deterministic. The main result this paper conveys is that the cyclical component in Brazilian GDP is very small, and hence almost all output fluctuations have been caused by long-run (real) factors.

Source: Brazilian Review of Econometrics

DOI: 10.12660/bre.v13n11993.2984

Author: Francisco Cribari-Neto

Institution: University of Illinois Urbana-Champaign

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W2170463129

FWCI: 2.283

Cites: 39

Cited by: 15

Related to: 10