| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13455 |
| DP13455 Measuring Global Real Economic Activity: Do Recent Critiques Hold Up to Scrutiny? | |
| [unavailable] | |
| 发表日期 | 2019-01-15 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Hamilton (2018) suggests that the Kilian (2009) index of global real economic activity is misleading and calls for alternative measures. The problem documented by Hamilton is a consequence of a coding mistake. Specifically, the index of nominal freight rates underlying the Kilian index was accidentally logged twice. Once this coding error is corrected by removing one of the log transformations, none of the concerns raised by Hamilton remains valid and the index may be used as originally intended. Moreover, it can be shown that the corrected index differs only slightly from the original index and that the key empirical results in Kilian (2009) and related studies remain unchanged when replacing the index. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Global business cycle Shipping Commodity market Oil Log transformation |
| URL | https://cepr.org/publications/dp13455 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542270 |
| 推荐引用方式 GB/T 7714 | [unavailable]. DP13455 Measuring Global Real Economic Activity: Do Recent Critiques Hold Up to Scrutiny?. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [[unavailable]]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [[unavailable]]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [[unavailable]]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
