Estimating and interpreting a common stochastic component for the Brazilian industrial production index

This paper employs a state-space formulation to model a common stochastic component in four different series that constitute the aggregate index of industrial production in Brazil. This estimated common component is then interpreted as a measurement of behavior of fundamentals in the brazilian econo...

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Published in:Revista Brasileira de Economia 2002, Vol.56 (1), p.107-120, Article 107
Main Authors: Toledo, Celso, Picchetti, Paulo
Format: Article
Language:English
Subjects:
Brazil
Durable goods
ECONOMICS
Estimation
Industrial production
Interest rates
National accounts
Stochastic models
Surveys
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description This paper employs a state-space formulation to model a common stochastic component in four different series that constitute the aggregate index of industrial production in Brazil. This estimated common component is then interpreted as a measurement of behavior of fundamentals in the brazilian economy and compared to the actual aggregate index.
doi_str_mv 10.1590/S0034-71402002000100004
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1806-9134
0034-7140
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source International Bibliography of the Social Sciences (IBSS); SciELO
subjects Brazil
Durable goods
ECONOMICS
Estimation
Industrial production
Interest rates
National accounts
Stochastic models
Surveys
title Estimating and interpreting a common stochastic component for the Brazilian industrial production index
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