Series: IMF Working Papers
Author(s): Abdullah Al-Hassan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2009
Keywords: GCC monetary union, factor models, GDFM, business cycle indicators, business cycle, time series, gdp growth, covariance, And Business Cycle Indicators,
This paper constructs a coincident indicator for the Gulf Cooperation Council (GCC) area business cycle. The resulting coincident indicator provides a reliable measure of the GCC business cycle; over the last decad...