tag:blogger.com,1999:blog-7439628176985419293.post7110925630810771346..comments2023-11-02T08:28:40.590-04:00Comments on Twenty-Cent Paradigms: Been Down So Long (HP Filter Edition)Bill Chttp://www.blogger.com/profile/01081319025032071808noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7439628176985419293.post-34013084298781035122014-04-23T13:45:24.176-04:002014-04-23T13:45:24.176-04:00Thanks. Didn't realize you could HP-filter in...Thanks. Didn't realize you could HP-filter in Excel. Yes, I believe one of the problems is that its a little less 'reliable' at the endpoints...Bill Chttps://www.blogger.com/profile/01081319025032071808noreply@blogger.comtag:blogger.com,1999:blog-7439628176985419293.post-73770909626521829512014-04-22T22:22:11.732-04:002014-04-22T22:22:11.732-04:00Hi, Bill.
"The striking thing is at the end&...Hi, Bill.<br /><br />"The striking thing is at the end"<br /><br />Yeah, endings seem to be a "gotcha" with the HP filter. That, and by adding or omitting years since the crisis, you change the trend some years *before* the crisis. Slick trick. "We need to be careful" with this, indeed!<br /><br />Kurt Annen's Excel add-in to calculate HP values, and the Visual Basic code for same are available for download at IDEAS:<br /><br />http://ideas.repec.org/c/dge/qmrbcd/165.html<br /><br />The VB code is easy to use and works great. I didn't try the add-in.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com