This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 3. Real Federal (Government) Consumption Expenditures and Gross Investment 4. Real Net Exports. In matlab, 1. Plot the raw data. 2. Consider two f lters to detrend the data: a. First difference (F-D) logged series (this creates quarterly growth rates of output, consumption, etc.) b. Use the Hodrick-Prescott (H-P) f lter (provided on my website) on the logged data. 3. Plot the trend implied by the F-D f lter against the trend implied by the H-P f lter. 4. Plot the detrended data (both F-D and H-P). 5. What is the average component’s share in real GDP? 6. Find standard deviations and cross correlations (at both leads and lags) of both types of f ltered data. 7. Are there appreciable differences in the results using the different f lters? 1...
View Full Document
This note was uploaded on 08/06/2008 for the course ECON 387 taught by Professor Corbae during the Spring '07 term at University of Texas at Austin.
- Spring '07