A Monthly Model of the Industrial Sector for Business-Cycle Analysis

  • Enrico Giovannini
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)

Abstract

Without wishing to enter the debate on the existence of the business cycle and the methods for measuring its characteristics and intensity, there can be no doubt that the existence of so many applied economists who spend their life trying to furnish a “real-time” interpretation of the economy’s various cyclical phases and forecast future trends is adequate proof of the importance of short-term analysis of the economic cycle. One could even venture that the type of growth which characterised the 1980s, in which the various technological shocks were accompanied by an increasing rapidity in the diffusion of information, and the consequent increase in the economy’s flexibility, has made the role of business-cycle analysis even more important.

Keywords

Europe Income Coherence Resi Autocorrelation 

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Copyright information

© SIPI Servizio Italiano Pubblicazioni Internazionali Srl 1994

Authors and Affiliations

  • Enrico Giovannini
    • 1
  1. 1.IstatRomaItaly

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