أعرض تسجيلة المادة بشكل مبسط

dc.creator Chauvet Marcelle
dc.date 2002
dc.date.accessioned 2013-05-30T10:39:52Z
dc.date.available 2013-05-30T10:39:52Z
dc.date.issued 2013-05-30
dc.identifier http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000100003
dc.identifier http://www.doaj.org/doaj?func=openurl&genre=article&issn=00347140&date=2002&volume=56&issue=1&spage=75
dc.identifier.uri http://koha.mediu.edu.my:8181/jspui/handle/123456789/4122
dc.description This paper uses several produceres to date and analyse the Brazilian business and growth cycles. In particular, a Markov switching model is fitted to quarterly and annual real production data. The smoothed probabilities of the Markov states are used as predictive rules to define different phases of cyclical fluctuations of real Brazilian production. The results are compared with different non-parametric rules. All methods implemented yield similar dating and reveal asymmetries across the different states of the Brazilian business and growth cycles, in which slowdowns and recessions are short and abrupt, while high growth phases and expansions are longer and less steep. The resulting dating of the Brazilian economic cycles can be used as a reference point for construction and evaluation of the predictive performance of coincident, leading, or lagging indicators of economic activity. In addition, the filtered probabilities obtained from the Markov switching model allow early recognition of the transition to a new business cycle phase, wich can be used, for example, for evaluation of the adequate strength and timing of countercyclical policies, for reassessment of projected sales or profits by businesses and investors, or for monitoring of inflation pressures.
dc.publisher Fundação Getúlio Vargas
dc.source Revista Brasileira de Economia
dc.subject business cycle
dc.subject growth cycle
dc.subject Markov switching
dc.subject non-parametric rules
dc.title The Brazilian business and growth cycles


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أعرض تسجيلة المادة بشكل مبسط