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Core GDP: a medium- to long-run measure of Brazilian economic activity

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Academic year: 2020

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Figure 1 shows that the bandpass filter does in fact transform the GDP Monitor into a smoother series by removing short-run oscillations, allowing the turning points to be identified
Figure 2: GDP Monitor (quarterly year-on-year change) and Core GDP
Figure 3: Core GDP and Output Gap
Figure 4: Pseudo-real-time exercise at the end of the sample et al. (2010):
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