Documentos académicos
Permanent URI for this community
Browse
Browsing Documentos académicos by Subject "C10 - Métodos econométricos y estadísticos y metodología: generalidades: Generalidades"
Now showing 1 - 1 of 1
Results Per Page
Sort Options
- Cálculo del parámetro de suavizamiento del filtro Hodrick-Prescott para Costa RicaThe Hodrick-Prescott filter decomposes time series in its trend and cycle components. Applications of this filter include the analysis of production or economic activity time series to study business cycles. The filter’s smoothing parameter (λ) varies for each country (Marcet and Ravn 2003). This technical note describes the estimation of the parameter λ for the case of Costa Rica. The values obtained are λ =1 677 for the quarterly series of GDP, λ =15 917 for monthly and λ =26 for yearly. For the monthly economic activity index λ =13 176.