The HP filter method is applied to construct synthetic index of our country's growth cycle
The HP filter method is applied to construct synthetic index of our country's growth cycle
Author：Li Xiaofang,Gao Tiemei Journal：262th The Journal of Quantitative & Technical Economics Date：2001(9)
Keywords Growth cycle; Growth cycle; The HP filter method; Synthetic index; China; Economic fluctuations
Abstract
This paper, by using the HP filter method and phase average method (PAT) on the trend of China's economic indicators in the decomposition, and made a comparative analysis. Then use consistent economic indicators to remove trend to construct the growth cycle of the synthetic index (CI) in our country, and compared the growth cycle.
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