The Missing Link: Using the NBER Recession Indicator to Construct Coincident and Leading Indices of Economic Activity Issler, João Victor; Vahid, Farshid

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Issler, João Victor ; Vahid, Farshid
Instrumental Variable Probit; Coincident and Leading Indicators; Business Cycle
We use the information content in the decisions of the NBER Business Cycle Dating Committee to construct coincident and leading indices of economic activity for the United States. We identify the coincident index by assuming that the coincident variables
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