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A Leading Index for the Colombian Economic Activity

Luis Fernando
Melo-Velandia
Fabio H.
Nieto
Mario Andrés
Ramos-Veloza
Jueves, 1 Mayo 2003

In this paper, we propose a methodology for calculating a leading index of the economic activity based on a modification of Stock and Watson’s (1989, 1991, 1992) approach. We use Kalman filter techniques for estimating the state space representation of th