Measuring business cycle conditions in India
Measuring business cycle conditions in India, Radhika Pandey, Ila Patnaik and Ajay Shah. NIPFP Working Paper No. 269, May 2019.
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We develop a measure of business cycle conditions at a quarterly frequency - the coincident indicator - that better utilises the limited data resources available in India. The new indicator has a historical time series from 1999 onwards. The methods used here feature numerous improvements upon previous work in the field. |