Table 3 Business-cycles duration
From: Trend-cycle decomposition for Peruvian GDP: application of an alternative method
UC-0 | UC-C | UC-N | UC-P | UC-CN | UC-CP | UC-NP | UC-CNP | |
|---|---|---|---|---|---|---|---|---|
Autoregressive parameters | ||||||||
\(\phi _{1}\) | 1.353 | 1.496 | 1.361 | 1.276 | 1.416 | 1.506 | 1.159 | 1.276 |
\(\phi _{2}\) | −0.432 | −0.544 | −0.676 | −0.504 | −0.519 | −0.553 | −0.878 | −0.770 |
Roots of the inverse polynomial | ||||||||
\(\lambda _{1}\) | 0.837 | 0.875 | 0.68 + 0.5i | 0.64 + 0.3i | 0.71 + 0.1i | 0.873 | 0.58 + 0.7i | 0.64 + 0.6i |
\(\lambda _{2}\) | 0.515 | 0.621 | 0.68 − 0.5i | 0.64 − 0.3i | 0.71 − 0.1i | 0.634 | 0.58 − 0.7i | 0.64 − 0.6i |
Implicit duration of cycles (years) | ||||||||
2.6 | 3.5 | 8.5 | 1.7 | 2.1 | ||||