Identifiability of a coincident index model for the Colombian economy

Borradores de Economia
Número: 
242
Publicado: 
Clasificación JEL: 
E52, E58, E31
Palabras clave: 
Coincident economic index, model identifiability, state space model

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In this theoretical report, the identifiability property of a coincident index model is studied. As a result, characterization of the identifiability conditions solves a model specification problem, which was detected in the design of an earlier index fo