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A Spectral Analysis of Australia's Leading and Coincident Indexes of Cyclical Economic Growth
Author(s) -
Layton Allan P.
Publication year - 1987
Publication title -
australian economic review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.308
H-Index - 29
eISSN - 1467-8462
pISSN - 0004-9018
DOI - 10.1111/j.1467-8462.1987.tb00656.x
Subject(s) - coherence (philosophical gambling strategy) , index (typography) , spectral analysis , economic analysis , economics , reliability (semiconductor) , economic indicator , business cycle , econometrics , macroeconomics , statistics , mathematics , computer science , classical economics , physics , spectroscopy , power (physics) , quantum mechanics , world wide web
Using the methodology of the National Bureau of Economic Research, Boehm and Moore (1984) have recently constructed leading and coincident indexes of Australian cyclical economic growth. The present article examines the reliability of the leading index by investigating the coherence between these two measures of economic activity at different cycle‐lengths using the technique of cross‐spectral analysis.