A comparison of two alternative composite leading indicators for detecting Japanese business cycle turning points

References

• Baxter , M. and King , R. G. 1999 . Measuring business cycles, approximate bandpass filters for economic time series . Review of Economics and Statistics , 81 : 575 – 93 .
   Web of Science ®Google Scholar
• Bry , G. and Boschan , C. 1971 . “ Cyclical analysis of time series, selected procedures and computer programs ” . In Technical Paper 20 , National Bureau of Economic Research, Columbia University Press .
   Google Scholar
• Christiano , L. and Fitzgerald , T. J. 2003 . The bandpass filter . International Economic Review , 44 : 435 – 65 .
   Web of Science ®Google Scholar
• Furceri , D. and Karras , G. 2008 . Business-cycle synchronization in the EMU . Applied Economics , 40 : 1491 – 501 .
   Web of Science ®Google Scholar
• Harding , D. and Pagan , A. 2002 . Dissecting the cycle: a methodological investigation . Journal of Monetary Economics , 49 : 365 – 81 .
   Web of Science ®Google Scholar
• Harding , D. and Pagan , A. 2006 . Synchronization of cycles . Journal of Econometrics , 132 : 59 – 79 .
   Web of Science ®Google Scholar
• Hodrick , R. J. and Prescott , E. C. 1997 . Postwar US business cycles: an empirical investigation . Journal of Money, Credit, and Banking , 29 : 1 – 16 .
   Web of Science ®Google Scholar
• Iacobucci , A. and Noullez , A. 2005 . A frequency selective filter for short-length time series . Computational Economics , 25 : 75 – 102 .
   Google Scholar
• Marcellino , M. 2006 . “ Leading indicators ” . In Handbook of Economic Forecasting , Edited by: Elliott , G. , Granger , C. and Timmermann , A. 879 – 960 . Amsterdam : Elsevier .
   Google Scholar
• Nilsson R. Brunet O. (2006) Composite leading indicators for major OECD non-member economies: Brazil, China, India, Indonesia, Russian Federation, South Africa, OECD Statistics Working Papers No. 2006/1. http://puck.sourceoecd.org/vl=3750282/ cl=12/nm=1/rpsv/workingpapers/18152031.htm (Accessed: 27 November 2008 ).
   Google Scholar
• Yamada , H. , Honda , Y. and Tokutsu , Y. 2008 . An evaluation of the Japanese leading indicators . Journal of Business Cycle Measurement and Analysis , 3 : 71 – 88 .
   Google Scholar