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  "Title": "Consistent Economic Trend Cycle Decomposition",
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  "Description": "Determining potential output and the output gap - two\ninherently unobservable variables - is a major challenge for\nmacroeconomists. 'sectorgap' features a flexible modeling and\nestimation framework for a multivariate Bayesian state space\nmodel identifying economic output fluctuations consistent with\nsubsectors of the economy. The proposed model is able to\ncapture various correlations between output and a set of\naggregate as well as subsector indicators. Estimation of the\nlatent states and parameters is achieved using a simple Gibbs\nsampling procedure and various plotting options facilitate the\nassessment of the results. For details on the methodology and\nan illustrative example, see Streicher (2024)\n<https://www.research-collection.ethz.ch/handle/20.500.11850/653682>.",
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  "Date/Publication": "2024-01-27 16:24:51 UTC",
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