Bry and Boschan routine: Difference between revisions
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Latest revision as of 23:30, 6 March 2023
In econometrics, the Bry and Boschan routine finds statistical maxima and minima while using certain censoring rules and phase and cycle length constraints.[1][2]
The OECD has composite leading indicators and turning points that are recession indicators with peak through the trough turning points chronologies determined by the rules in a computer routine (Bry and Boschan)[3]
The U.S. National Bureau of Economic Research (NBER) uses a computer routine (Bry and Boschan) and includes a Phase-Average Trend (PAT) detrending procedure. The turning point detection algorithm is decoupled from the de-trending procedure.[4]
References
- ↑ "OECD Composite Leading Indicators: Reference Turning Points and Component Series - OECD". http://www.oecd.org/sdd/leading-indicators/oecdcompositeleadingindicatorsreferenceturningpointsandcomponentseries.htm.
- ↑ "Dating the Italian Business Cycle | A Comparison of Procedures | Giancarlo Bruno† Edoardo Otranto | 18th December 2003 Methods page 3". https://econwpa.ub.uni-muenchen.de/econ-wp/em/papers/0312/0312003.pdf.
- ↑ "OECD based Recession Indicators for Major Seven Countries from the Peak through the Trough". April 1, 1957. https://fred.stlouisfed.org/series/MSCRECDM.
- ↑ "OECD based Recession Indicators for the United States from the Peak through the Period preceding the Trough". February 1, 1947. https://fred.stlouisfed.org/series/USARECDP.
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