Identifiability of a coincident index model for the Colombian economy

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

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