Consistent economic indexes for the 50 states
By: Theodore M. Crone and Alan Clayton-Matthews.
Contributors: Clayton-Matthews, Alan.
Series: Working paper ;; no. 04-9; Working paper (Federal Reserve Bank of Philadelphia : Online) ;; no. 04-9.
Publisher: Federal Reserve Bank of Philadelphia
Published: 2004
Place of publication: Philadelphia, PA
Language: eng
Format: Electronic resource
Subjects: U.S. states -- Economic conditions -- Measurement
Description: "In  the late 1980s James Stock and Mark Watson developed for the U.S.  economy an  alternative coincident index to the one now published by the Conference Board.   They used the Kalman filter to estimate a latent dynamic factor for the  national economy and designated the common factor as the coincident index.  This  paper uses the Stock/Watson methodology to estimate a consistent set of  coincident indexes for the 50 states.  These indexes provide researchers with a  comprehensive monthly measure of economic activity that can be used to examine  a number of state and regional issues"--Federal Reserve Bank of Philadelphia web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/26/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.