Browsing by Author "Flores-Pizarro, Melania"
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- El Filtro BAXTER-KING, Metodología y AplicacionesThis document briefly explains the Baxter-King’s filter methodology, which has become a very useful tool to analyze economic cycles and as a method for trend extraction.Some mathematic properties of Hodrick-Prescott filter are also reviewed, in order to understand the difference between this method and Baxter-King’s. I applied the filter to monthly, quarterly and annual series. Although Baxter-King and Hodrick-Prescott filters do not differ much in their results, the former has the advantage that it allows the researcher to specify the kind of information she wants to isolate from the series.