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Predicting ordinary and severe recessions with a three-state Markov-switching dynamic factor model
16 references·3 citing·41 second hopsampled
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References

  • 1989A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle9,681 cited
  • 2006Approximately normal tests for equal predictive accuracy in nested models2,513 cited
  • 2002Dissecting the cycle: a methodological investigation1,504 cited
  • 2008Forecasting economic time series using targeted predictors704 cited
  • 2005Understanding Changes in International Business Cycle Dynamics685 cited
  • 2002A new coincident index of business cycles based on monthly and quarterly series631 cited
  • 1998Business Cycle Turning Points, A New Coincident Index, and Tests of Duration Dependence Based on a Dynamic Factor Model With Regime Switching470 cited
  • 2007New Eurocoin: Tracking Economic Growth in Real Time455 cited
  • 1998An Econometric Characterization of Business Cycle Dynamics with Factor Structure and Regime Switching406 cited
  • 1994Measuring Business Cycles: A Modern Perspective365 cited
  • 2010Introducing the euro‐sting: Short‐term indicator of euro area growth353 cited
  • 1996Measuring Business Cycles: A Modern Perspective315 cited
  • 2003The European business cycle297 cited
  • 1994Inventories and the Three Phases of the Business Cycle290 cited
  • 2010The Asymmetric Business Cycle

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270 cited
  • 2010The Belgian Industrial Confidence Indicator: Leading Indicator of Economic Activity in the Euro Area?190 cited
  • Cited by

    • 2023Future directions in nowcasting economic activity: A systematic literature review29 cited
    • 2022The Quality of Fair Revaluation of Fixed Assets and Additional Calculations Aimed at Facilitating Prospective Investors’ Decisions13 cited
    • 2021Time‐Varying Dynamics of the German Business Cycle: A Comprehensive Investigation*10 cited