Alternative seasonal adjustment methods for aggregate Irish macroeconomic data

DC FieldValueLanguage
dc.contributor.authorMcCarthy, Colm-
dc.contributor.authorLawlor, Johnen
dc.date.accessioned2008-10-01T15:38:46Z-
dc.date.available2008-10-01T15:38:46Z-
dc.date.copyrightCopyright held by the ERSI 2005en
dc.date.issued2005-10-
dc.identifier.citationQuarterly Economic Commentaryen
dc.identifier.issn03767191-
dc.identifier.urihttp://hdl.handle.net/10197/566-
dc.description.abstractThree distinct strands can be identified in the literature on seasonality. Economists have long been interested in removing high-frequency "noise" from individual economic time series, or "deseasonalizing the data" in common parlance. The second strand, on which an extensive technical literature has been developed over recent decades, treats seasonality as just one element to be encompassed in multivariate dynamic time series modeling, while a final strand seeks to model the economics of seasonality as the outcome of maximizing behavior by producing and consuming agents. Direct and indirect approaches have been compared to the seasonal adjustment of Irish macroeconomic series published by the Central Statistics Office. The presumption in the literature is that the indirect method is likely to be preferred in most real-world situations, but it is an empirical question whether it makes any great practical difference. The results indicate that it makes a very big difference indeed, with one-period growth rates frequently changing sign.en
dc.format.extent4304 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoenen
dc.publisherEconomic and Social Research Instituteen
dc.subjectAlternativesen
dc.subjectMethodsen
dc.subjectMacroeconomicsen
dc.subjectStructural adjustmenten
dc.subjectGrowth rateen
dc.subjectSeasonsen
dc.subject.lcshSeasonal variations (Economics)en
dc.subject.lcshMacroeconomics--Mathematical modelsen
dc.subject.lcshIreland--Economic conditionsen
dc.titleAlternative seasonal adjustment methods for aggregate Irish macroeconomic dataen
dc.typeJournal Articleen
dc.internal.authorurlColm McCarthy (web page)en
dc.internal.authorurlhttp://www.ucd.ie/economics/staff/cmccarthy/colm.mccarthy.htmen
dc.internal.authorcontactotherEmail: colm.mccarthy@ucd.ie; Tel: 353 1 716 8334en
dc.internal.authoridUCD0015en
dc.internal.availabilityFull text availableen
dc.internal.webversionshttp://www.esri.ie/pdf/QEC2005Aut_SA_Lawlor_Alternative%20Seasonal.pdf-
dc.statusPeer revieweden
dc.identifier.issueAutumn 2005en
dc.identifier.startpage34en
dc.identifier.endpage55en
dc.neeo.contributorMcCarthy|Colm|aut|-
dc.neeo.contributorLawlor|John|aut|-
item.grantfulltextopen-
item.fulltextWith Fulltext-
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