Un indicateur probabiliste du cycle d'accélération pour l'économie française
Marie Adanero-Donderis
, Olivier Darné
,
2009, Economie et Prévision, 189, pp.95-114
Indicateur probabiliste
Cycle d’accélération
Données d’enquête
Modèle à chaîne de Markov
Abstract
We describe a new coincident probabilistic cyclical indicator developed by the Banque de France in order to detect, on a monthly basis, the turning points in the French economy’s acceleration cycle. The indicator is based on the methodology of Markov-switching models and uses the Bank’s monthly business survey as input. A pseudo-real-time validation since 1998 shows the indicator’s usefulness in short-term economic analysis. This type of indicator provides original qualitative information that complements standard quantitative tools for estimating GDP growth.