Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hello I have this question: your country that contains the values for GDP, consumption, investment and exports for the period 2000-2020. Use the data for
Hello I have this question:
your country that contains the values for GDP, consumption, investment and exports for the period 2000-2020. Use the data for the country that has been allocated to you and, for each of the four variables, use the Hodrick-Prescott filter to compute their cyclical component and investigate and carefully comment on the following properties:
Volatility
Persistence
Co-movement
Year | GDP | Consumption | Investment | Exports |
2000 | 1,163,709 | 832,549 | 236,847 | 432,993 |
2001 | 1,184,539 | 854,709 | 248,262 | 420,434 |
2002 | 1,220,289 | 884,961 | 250,736 | 425,602 |
2003 | 1,242,273 | 909,558 | 263,818 | 418,328 |
2004 | 1,280,622 | 934,553 | 286,071 | 441,464 |
2005 | 1,321,656 | 964,212 | 312,173 | 451,494 |
2006 | 1,356,472 | 1,001,035 | 331,777 | 455,473 |
2007 | 1,384,576 | 1,039,835 | 342,286 | 460,654 |
2008 | 1,398,481 | 1,073,109 | 347,853 | 439,723 |
2009 | 1,357,562 | 1,081,484 | 308,497 | 382,712 |
2010 | 1,399,509 | 1,116,279 | 344,011 | 408,268 |
2011 | 1,443,539 | 1,138,746 | 359,963 | 427,978 |
2012 | 1,468,960 | 1,156,586 | 377,551 | 440,024 |
2013 | 1,503,173 | 1,176,086 | 383,022 | 450,852 |
2014 | 1,546,315 | 1,199,973 | 391,640 | 479,358 |
2015 | 1,556,508 | 1,224,767 | 371,236 | 495,747 |
2016 | 1,572,095 | 1,249,477 | 353,961 | 502,721 |
2017 | 1,619,885 | 1,290,269 | 365,806 | 509,986 |
2018 | 1,659,240 | 1,324,344 | 372,458 | 528,771 |
2019 | 1,690,126 | 1,347,379 | 373,410 | 535,553 |
2020 | 1,607,402 | 1,285,943 | 364,302 | 488,999 |
How would I be able to answer this question?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started