A Leading Indicator for the IMACEC

Authors

Keywords:

leading indicator, economic activity, turning points, IMACEC, Chile

Abstract

This paper develops a methodology to build a leading indicator for economic activity in Chile, that can be applied more generally to other economic series. The first step is to evaluate the leading capacities of a group of series. The second step is to build leading indicators to summarize the information content of those series that better anticipate economic activity. Finally, since there are many ways to combine the leading series into a single indicator, a third step is to evaluate the extent to which these indicators are able to properly signal turning points in economic activity.

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Author Biographies

Héctor Felipe Bravo, Banco Central de Chile

Gerencia de Análisis Macroeconómico del Banco Central de Chile.

Helmut Frenken, Banco Central de Chile

Gerencia de Análisis Macroeconómico del Banco Central de Chile.

References

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Published

2002-04-30

How to Cite

Bravo, H. F., & Frenken, H. (2002). A Leading Indicator for the IMACEC. Economic Analysis Review, 17(1), 103–123. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/16

Issue

Vol. 17 No. 1 (2002)

Section

Articles

License

Copyright (c) 2002 Héctor Felipe Bravo, Helmut Frenken

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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